Texas RRC has issued ~5,000 allocation well permits since 2022 vs ~600 PSA permits. Generic mineral calculators built for forced-pooling states get this wrong by 30%+. The legal story, the math gap, and what to do about it.
$600K in year one, $250K in year two, $20K by year ten — and roughly $1.35M cumulative across a decade. A line-by-line walkthrough of how an oil & gas royalty actually pays from first principles, with the seven things that take 20-40% off the headline.
A line-by-line walkthrough of small-operator oil well economics using a real West Texas case study. Plus the three things almost no pitch P&L includes — decline, workover reserves, and plugging — that move the defensible price by 25-50%.
Get product updates, open source notes, and relevant announcements by email.