PETTUS
PETTUS is a Texas oil lease in Young County, Railroad Commission district 09, operated by FGB Energy, Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 29,831 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 $424K, with roughly $72K 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 70 barrels a month, about 23 per wellbore. Its strongest month on the record we hold was February 2023, at 241 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 PETTUS
- Who operates PETTUS?
- PETTUS is operated by FGB Energy, Inc., Railroad Commission of Texas operator number 266618.
- Where is PETTUS?
- PETTUS is a Texas oil lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 24422.
- Is PETTUS still producing?
- PETTUS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PETTUS is August 2026.
- How much has PETTUS produced?
- PETTUS has reported 29,831 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is PETTUS worth?
- The remaining production from PETTUS is estimated to be worth about $424K in total as of 26 August 2026, within a range of $233K to $615K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETTUS is a fraction of it. The estimate fits an Arps decline curve to the production PETTUS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETTUS is an estimate of value, not an offer and not an appraisal.
- How much income does PETTUS generate in a year?
- PETTUS is forecast to net about $72K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PETTUS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | FGB Energy, Inc. |
|---|---|
| Field | Hall (Conglomerate) |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 24422 |
| Wellbores | 3 |
| Reported production | 29,831 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $424K |
Where PETTUS 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.