RAYMOND
RAYMOND is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Pitts Energy Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 46,626 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $274K, with roughly $52K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 69 barrels a month. Its strongest month on the record we hold was April 2023, at 199 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about RAYMOND
- Who operates RAYMOND?
- RAYMOND is operated by Pitts Energy Co., Railroad Commission of Texas operator number 666430.
- Where is RAYMOND?
- RAYMOND is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 31257.
- Is RAYMOND still producing?
- RAYMOND is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAYMOND is August 2026.
- How much has RAYMOND produced?
- RAYMOND has reported 46,626 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is RAYMOND worth?
- The remaining production from RAYMOND is estimated to be worth about $274K in total as of 26 August 2026, within a range of $151K to $397K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAYMOND is a fraction of it. The estimate fits an Arps decline curve to the production RAYMOND has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAYMOND is an estimate of value, not an offer and not an appraisal.
- How much income does RAYMOND generate in a year?
- RAYMOND is forecast to net about $52K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RAYMOND receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pitts Energy Co. |
|---|---|
| Field | Scott (Delaware) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 31257 |
| Wellbores | 1 |
| Reported production | 46,626 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $274K |
Where RAYMOND sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.