WALDRON
WALDRON 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 82,437 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 $493K, with roughly $94K 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 136 barrels a month. Its strongest month on the record we hold was September 2023, at 363 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 WALDRON
- Who operates WALDRON?
- WALDRON is operated by Pitts Energy Co., Railroad Commission of Texas operator number 666430.
- Where is WALDRON?
- WALDRON is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 32272.
- Is WALDRON still producing?
- WALDRON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WALDRON is August 2026.
- How much has WALDRON produced?
- WALDRON has reported 82,437 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WALDRON worth?
- The remaining production from WALDRON is estimated to be worth about $493K in total as of 26 August 2026, within a range of $385K to $602K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WALDRON is a fraction of it. The estimate fits an Arps decline curve to the production WALDRON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WALDRON is an estimate of value, not an offer and not an appraisal.
- How much income does WALDRON generate in a year?
- WALDRON is forecast to net about $94K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WALDRON 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 | 32272 |
| Wellbores | 1 |
| Reported production | 82,437 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $493K |
Where WALDRON 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.