GUNSIGHT SAND UNIT
GUNSIGHT SAND UNIT is a Texas oil lease in Wichita County, Railroad Commission district 09, operated by Pennington, W. L., Inc. It has 11 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 133,497 barrels. The lease is intermittent. 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 $352K, with roughly $68K 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 94 barrels a month, about 9 per wellbore. Its strongest month on the record we hold was September 2023, at 435 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 GUNSIGHT SAND UNIT
- Who operates GUNSIGHT SAND UNIT?
- GUNSIGHT SAND UNIT is operated by Pennington, W. L., Inc., Railroad Commission of Texas operator number 651880.
- Where is GUNSIGHT SAND UNIT?
- GUNSIGHT SAND UNIT is a Texas oil lease in Wichita County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 05317.
- Is GUNSIGHT SAND UNIT still producing?
- GUNSIGHT SAND UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for GUNSIGHT SAND UNIT is August 2026.
- How much has GUNSIGHT SAND UNIT produced?
- GUNSIGHT SAND UNIT has reported 133,497 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 11 wellbores.
- How much is GUNSIGHT SAND UNIT worth?
- The remaining production from GUNSIGHT SAND UNIT is estimated to be worth about $352K in total as of 27 August 2026, within a range of $194K to $511K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GUNSIGHT SAND UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GUNSIGHT SAND UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GUNSIGHT SAND UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GUNSIGHT SAND UNIT generate in a year?
- GUNSIGHT SAND UNIT is forecast to net about $68K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GUNSIGHT SAND UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennington, W. L., Inc. |
|---|---|
| Field | Wichita County Regular |
| County | Wichita County, Texas |
| RRC district | 09 |
| Lease number | 05317 |
| Wellbores | 11 |
| Reported production | 133,497 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $352K |
Where GUNSIGHT SAND 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.