TALLEY UNIT
TALLEY UNIT 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 34,952 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 $244K, with roughly $45K 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 51 barrels a month. Its strongest month on the record we hold was December 2016, at 121 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 TALLEY UNIT
- Who operates TALLEY UNIT?
- TALLEY UNIT is operated by Pitts Energy Co., Railroad Commission of Texas operator number 666430.
- Where is TALLEY UNIT?
- TALLEY UNIT is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 32609.
- Is TALLEY UNIT still producing?
- TALLEY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TALLEY UNIT is August 2026.
- How much has TALLEY UNIT produced?
- TALLEY UNIT has reported 34,952 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is TALLEY UNIT worth?
- The remaining production from TALLEY UNIT is estimated to be worth about $244K in total as of 26 August 2026, within a range of $134K to $354K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TALLEY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production TALLEY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TALLEY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does TALLEY UNIT generate in a year?
- TALLEY UNIT is forecast to net about $45K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TALLEY UNIT 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 | 32609 |
| Wellbores | 1 |
| Reported production | 34,952 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $244K |
Where TALLEY UNIT 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.