THOMAS
THOMAS is a Texas oil lease in Ward County, Railroad Commission district 08, operated by P.O.&G. Operating, LLC. It has 3 wellbores on file with the Commission. Reported production runs from October 2011 to August 2026, totalling 53,389 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 $413K, with roughly $80K 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 103 barrels a month, about 34 per wellbore. Its strongest month on the record we hold was March 2021, at 696 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 THOMAS
- Who operates THOMAS?
- THOMAS is operated by P.O.&G. Operating, LLC, Railroad Commission of Texas operator number 631506.
- Where is THOMAS?
- THOMAS is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42450.
- Is THOMAS still producing?
- THOMAS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for THOMAS is August 2026.
- How much has THOMAS produced?
- THOMAS has reported 53,389 barrels of oil (bbl) to the Railroad Commission of Texas between October 2011 and August 2026, from 3 wellbores.
- How much is THOMAS worth?
- The remaining production from THOMAS is estimated to be worth about $413K in total as of 26 August 2026, within a range of $322K to $504K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in THOMAS is a fraction of it. The estimate fits an Arps decline curve to the production THOMAS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for THOMAS is an estimate of value, not an offer and not an appraisal.
- How much income does THOMAS generate in a year?
- THOMAS is forecast to net about $80K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in THOMAS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | P.O.&G. Operating, LLC |
|---|---|
| Field | Ward, South |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 42450 |
| Wellbores | 3 |
| Reported production | 53,389 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $413K |
Where THOMAS 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.