PITTS, HUGH
PITTS, HUGH is a Texas oil lease in Washington County, Railroad Commission district 03, operated by Transwestern Oil Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 4,701 barrels. The lease is shut in. 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 $89K, with roughly $16K 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 16 barrels a month. Its strongest month on the record we hold was December 2025, at 117 barrels.
Key facts about PITTS, HUGH
- Who operates PITTS, HUGH?
- PITTS, HUGH is operated by Transwestern Oil Corporation, Railroad Commission of Texas operator number 864905.
- Where is PITTS, HUGH?
- PITTS, HUGH is a Texas oil lease in Washington County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 13992.
- Is PITTS, HUGH still producing?
- PITTS, HUGH is shut in. The most recent month of production reported to the Railroad Commission of Texas for PITTS, HUGH is August 2026.
- How much has PITTS, HUGH produced?
- PITTS, HUGH has reported 4,701 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PITTS, HUGH worth?
- The remaining production from PITTS, HUGH is estimated to be worth about $89K in total as of 27 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PITTS, HUGH is a fraction of it. The estimate fits an Arps decline curve to the production PITTS, HUGH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PITTS, HUGH is an estimate of value, not an offer and not an appraisal.
- How much income does PITTS, HUGH generate in a year?
- PITTS, HUGH is forecast to net about $16K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PITTS, HUGH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Transwestern Oil Corporation |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Washington County, Texas |
| RRC district | 03 |
| Lease number | 13992 |
| Wellbores | 1 |
| Reported production | 4,701 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $89K |
Where PITTS, HUGH 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.