PRIMERO
PRIMERO is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by Saddleback Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2022 to August 2026, totalling 28,161 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 $4.7M, with roughly $973K 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 577 barrels a month. Its strongest month on the record we hold was January 2026, at 1,083 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 PRIMERO
- Who operates PRIMERO?
- PRIMERO is operated by Saddleback Exploration, LLC, Railroad Commission of Texas operator number 743071.
- Where is PRIMERO?
- PRIMERO is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58149.
- Is PRIMERO still producing?
- PRIMERO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRIMERO is August 2026.
- How much has PRIMERO produced?
- PRIMERO has reported 28,161 barrels of oil (bbl) to the Railroad Commission of Texas between August 2022 and August 2026, from 1 wellbore.
- How much is PRIMERO worth?
- The remaining production from PRIMERO is estimated to be worth about $4.7M in total as of 26 August 2026, within a range of $3.6M to $5.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRIMERO is a fraction of it. The estimate fits an Arps decline curve to the production PRIMERO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRIMERO is an estimate of value, not an offer and not an appraisal.
- How much income does PRIMERO generate in a year?
- PRIMERO is forecast to net about $973K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRIMERO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Saddleback Exploration, LLC |
|---|---|
| Field | Keystone (Wolfcamp) |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 58149 |
| Wellbores | 1 |
| Reported production | 28,161 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.7M |
Where PRIMERO 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.