Oil and gas leases in Reeves County

Reeves County, Texas has 5,933 oil and gas leases with production on file at the Railroad Commission, all of them in Commission district 08. 2,495 of them are oil leases and 3,438 are gas leases. Between them they carry 9,032 wellbores. Reported volumes run from January 1993 to August 2026 and come to 886.8 million barrels of oil and 7.9 billion Mcf of gas. 327 operators file returns here. Every lease below has its own page with a decline-curve forecast and an estimate of what the whole lease is worth.

Key facts about Reeves County

How many oil and gas leases are in Reeves County?: Reeves County has 5,933 oil and gas leases with production reported to the Railroad Commission of Texas, as of August 2026.
How much oil and gas has Reeves County produced?: Leases in Reeves County have reported 886,764,250 barrels of oil (bbl) and 7,943,271,640 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026.
Who are the biggest operators in Reeves County?: Anadarko E&P Onshore LLC operates 449 of the 5,933 producing leases in Reeves County, more than any other operator on record with the Railroad Commission of Texas.
How many operators are active in Reeves County?: 327 operators file production returns for leases in Reeves County.
How much are mineral rights in Reeves County worth?: There is no single figure: what a mineral or royalty interest in Reeves County is worth depends on the individual lease, its decline, and the share the owner holds. Each of the 5,933 leases listed here has its own page with the full production history the operator reported, a decline-curve forecast, and an estimate of what a royalty interest in it is worth today.

Operators here

The company that runs the wells and issues the royalty cheque.

Anadarko E&P Onshore LLC — 449 leases
Apache Corporation — 333 leases
BPX Operating Company — 327 leases
Eog Resources, Inc. — 300 leases
Cimarex Energy Co. — 228 leases
Centennial Resource Prod, LLC — 206 leases
Permian Resources Operating, LLC — 180 leases
PDC Permian, Inc. — 150 leases
Thompson, J. Cleo — 140 leases
Resolute Natural Res. Co., LLC — 136 leases
Noble Energy Inc — 130 leases
BHP Billiton Pet(Txla Op) Co — 127 leases
Oxy USA WTP LP — 117 leases
Cog Operating LLC — 116 leases
Diamondback E&P LLC — 116 leases
Chevron U. S. A. Inc. — 108 leases
Pri Operating, LLC — 107 leases
Conocophillips Company — 91 leases
MDC Texas Operator LLC — 86 leases
Williams, Clayton Energy, Inc. — 78 leases
Carrizo (Permian) LLC — 74 leases
Upcurve Energy, LLC — 73 leases
WPX Energy Permian, LLC — 68 leases
Colgate Operating, LLC — 63 leases
VTX Energy Operating, LLC — 61 leases
Bta Oil Producers, LLC — 59 leases
Oxy USA Inc. — 57 leases
Primexx Operating Corporation — 57 leases
Rio Oil And Gas (Permian) II,LLC — 54 leases
Chesapeake Operating, Inc. — 51 leases
Rosetta Resources Operating LP — 50 leases
Callon (Permian) LLC — 48 leases
Energen Resources Corporation — 46 leases
Patriot Resources, Inc. — 46 leases
TRP Operating LLC — 46 leases
Vital Energy, Inc. — 41 leases
Mewbourne Oil Company — 41 leases
Texaco E & P Inc. — 39 leases
Eagle Oil & Gas Co. — 36 leases
Greenlake Energy Operating, LLC — 36 leases
Tall City Operations III LLC — 36 leases
New Horizon Exploration, Inc. — 31 leases
Union Oil Company Of California — 26 leases
Armstrong Ranch Company — 25 leases
Comstock Oil & Gas, LP — 25 leases
Rki Exploration & Production LLC — 23 leases
Xto Energy Inc. — 22 leases
Endeavor Energy Resources L.P. — 21 leases
Apr Operating LLC — 20 leases
Luxe Operating LLC — 20 leases
Pure Resources, L.P. — 20 leases
Atlantic Operating, Inc. — 19 leases
Petrohawk Operating Company — 19 leases
Sledge Bros. Oil Co. — 19 leases
Atlantic Exploration, LLC — 18 leases
Manti Tarka Permian Op, LLC — 18 leases
Parsley Energy Operations, LLC — 18 leases
Conoco Inc. — 17 leases
Mobil Producing TX. & N.M. Inc. — 17 leases
Petro-Hunt Permian, LLC — 16 leases

Railroad Commission districts

District 08 — 5,933 leases

Leases — page 1 of 30

DIXIELAND 10 — gas, Helmerich & Payne, Inc., Reeves County, 49.4 million reported
HODGE -B- — gas, Mobil Producing TX. & N.M. Inc., Reeves County, 35.2 million reported
STATE 71 — gas, Sandridge Expl. And Prod., LLC, Reeves County, 30.4 million reported
REEVES TXL FEE UNIT — gas, Texaco E & P Inc., Reeves County, 23.8 million reported
CORNELL KNIGHT — gas, Texaco E & P Inc., Reeves County, 23.2 million reported
BLACKFOOT STATE UNIT — gas, Apache Corporation, Reeves County, 19.4 million reported
BLACKFOOT STATE UNIT — gas, Apache Corporation, Reeves County, 19.1 million reported
BLACKFOOT STATE UNIT — gas, Apache Corporation, Reeves County, 19.1 million reported
BLACKFOOT STATE UNIT — gas, Apache Corporation, Reeves County, 18.7 million reported
REEVES TXL FEE UNIT — gas, Texaco E & P Inc., Reeves County, 17.2 million reported
MONT BLANC — gas, Apache Corporation, Reeves County, 16.9 million reported
WILLOW STATE UNIT — gas, Apache Corporation, Reeves County, 16.3 million reported
HODGE -B- — gas, Mobil Producing TX. & N.M. Inc., Reeves County, 15.9 million reported
MONT BLANC — gas, Apache Corporation, Reeves County, 15.5 million reported
HODGE, J. HOWARD — gas, Mobil Producing TX. & N.M. Inc., Reeves County, 15.0 million reported
MONT BLANC — gas, Apache Corporation, Reeves County, 14.9 million reported
MONT BLANC — gas, Apache Corporation, Reeves County, 14.3 million reported
SPRUCE STATE UNIT — gas, Apache Corporation, Reeves County, 13.6 million reported
BLACKFOOT STATE UNIT — gas, Apache Corporation, Reeves County, 13.4 million reported
IRON CITY STATE — gas, Resolute Natural Res. Co., LLC, Reeves County, 13.3 million reported
F SCOTT — gas, Shell Western E&P Inc., Reeves County, 13.2 million reported
REDWOOD — gas, Apache Corporation, Reeves County, 13.2 million reported
CYPRESS STATE — gas, Apache Corporation, Reeves County, 13.0 million reported
MONT BLANC — gas, Apache Corporation, Reeves County, 12.9 million reported
MONT BLANC — gas, Apache Corporation, Reeves County, 12.9 million reported
DIXIELAND 10 — gas, Helmerich & Payne, Inc., Reeves County, 12.2 million reported
REEVES TXL FEE UNIT — gas, Texaco E & P Inc., Reeves County, 12.1 million reported
TREES ESTATE — gas, Anadarko Petroleum Corporation, Reeves County, 11.8 million reported
REDWOOD — gas, Apache Corporation, Reeves County, 11.8 million reported
REDWOOD — gas, Apache Corporation, Reeves County, 11.4 million reported
REDWOOD — gas, Apache Corporation, Reeves County, 11.4 million reported
ESTATE OF JACK FROST — gas, Kimball Production Co., Reeves County, 11.2 million reported
SPRUCE STATE UNIT — gas, Apache Corporation, Reeves County, 11.1 million reported
GOLENTERNEK-RUDMAN UNIT — gas, Wiser Oil Company, The, Reeves County, 11.1 million reported
PINE STATE — gas, Apache Corporation, Reeves County, 11.0 million reported
NORTH BONSAI STATE UNIT — gas, Apache Corporation, Reeves County, 10.6 million reported
BONSAI STATE UNIT — gas, Apache Corporation, Reeves County, 10.5 million reported
MONT BLANC — gas, Apache Corporation, Reeves County, 10.3 million reported
DOGWOOD STATE — gas, Apache Corporation, Reeves County, 10.2 million reported
WINTOON — gas, Apache Corporation, Reeves County, 10.2 million reported
REDWOOD — gas, Apache Corporation, Reeves County, 10.0 million reported
IROQUOIS STATE UNIT — gas, Apache Corporation, Reeves County, 10.0 million reported
OAK STATE UNIT — gas, Apache Corporation, Reeves County, 10.0 million reported
OAK STATE UNIT — gas, Apache Corporation, Reeves County, 10.0 million reported
PINE STATE — gas, Apache Corporation, Reeves County, 9.9 million reported
BLACKFOOT STATE UNIT — gas, Apache Corporation, Reeves County, 9.8 million reported
APPLETON — gas, Helmerich & Payne, Inc., Reeves County, 9.8 million reported
YELLOWFIN TUNA WC — gas, Conocophillips Company, Reeves County, 9.8 million reported
OAK STATE UNIT — gas, Apache Corporation, Reeves County, 9.7 million reported
HODGE, J. HOWARD B — gas, Mobil Producing TX. & N.M. Inc., Reeves County, 9.7 million reported
STATE STREET 20-29 A UNIT — gas, Eog Resources, Inc., Reeves County, 9.7 million reported
QUARTERBACK STATE UNIT 3-4 — gas, TRP Operating LLC, Reeves County, 9.7 million reported
MONT BLANC — gas, Apache Corporation, Reeves County, 9.5 million reported
SANDLOT STATE — gas, Resolute Natural Res. Co., LLC, Reeves County, 9.4 million reported
MONT BLANC — gas, Apache Corporation, Reeves County, 9.4 million reported
OAK STATE UNIT — gas, Apache Corporation, Reeves County, 9.3 million reported
BLACKFOOT STATE UNIT — gas, Apache Corporation, Reeves County, 9.2 million reported
DOGWOOD STATE — gas, Apache Corporation, Reeves County, 9.1 million reported
THUNDER CANYON — gas, Resolute Natural Res. Co., LLC, Reeves County, 9.1 million reported
PINE STATE — gas, Apache Corporation, Reeves County, 9.0 million reported
LIAM STATE 53-12 — gas, PDC Permian, Inc., Reeves County, 9.0 million reported
WINTOON — gas, Apache Corporation, Reeves County, 9.0 million reported
BODKINS, J. D. #2 — gas, Shell Western E&P Inc., Reeves County, 8.9 million reported
KNIGHT GAS UNIT — gas, Texaco E & P Inc., Reeves County, 8.9 million reported
BIG CHIEF — oil, Cog Operating LLC, Reeves County, 8.8 million reported
DOGWOOD STATE — gas, Apache Corporation, Reeves County, 8.7 million reported
STATE APACHE 57 — gas, Eog Resources, Inc., Reeves County, 8.7 million reported
SPRUCE STATE UNIT — gas, Apache Corporation, Reeves County, 8.7 million reported
HERMIT 5556 — gas, PDC Permian, Inc., Reeves County, 8.5 million reported
MONARCH STATE — gas, Reeves County, 8.4 million reported
REDWOOD — gas, Apache Corporation, Reeves County, 8.4 million reported
MOHICAN UNIT — gas, Apache Corporation, Reeves County, 8.4 million reported
EVERYTHINGS BIGGER — gas, Conocophillips Company, Reeves County, 8.3 million reported
SMITHER STATE UNIT 47-38 — gas, Apr Operating LLC, Reeves County, 8.2 million reported
LIVINGSTON 2-12 B — gas, Cimarex Energy Co., Reeves County, 7.9 million reported
WILLOW STATE UNIT — gas, Apache Corporation, Reeves County, 7.8 million reported
DOGWOOD STATE — gas, Apache Corporation, Reeves County, 7.8 million reported
SPRUCE STATE UNIT — gas, Apache Corporation, Reeves County, 7.7 million reported
BIG KAHUNA — gas, Conocophillips Company, Reeves County, 7.7 million reported
STATE JOHNNY CASH UNIT — gas, Eog Resources, Inc., Reeves County, 7.6 million reported
BIRCH UNIT — gas, Apache Corporation, Reeves County, 7.6 million reported
SNOWSHOE STATE 57-10 UNIT — gas, Cimarex Energy Co., Reeves County, 7.6 million reported
BLUE MARLIN STATE — gas, Conocophillips Company, Reeves County, 7.5 million reported
STATE STREAMER UNIT — gas, Eog Resources, Inc., Reeves County, 7.4 million reported
ALPHA STATE — gas, Conocophillips Company, Reeves County, 7.4 million reported
DOGWOOD STATE — gas, Apache Corporation, Reeves County, 7.4 million reported
DIXIELAND STATE 55-6 WEST UNIT — gas, Cimarex Energy Co., Reeves County, 7.3 million reported
NORTH BONSAI STATE UNIT — gas, Apache Corporation, Reeves County, 7.3 million reported
RANDOLPH, A. T., ET AL-STATE GU — gas, Vale Petroleum Corporation, Reeves County, 7.3 million reported
SNOWSHOE STATE 57-10 UNIT — gas, Cimarex Energy Co., Reeves County, 7.2 million reported
SNOWSHOE STATE 57-10 UNIT — gas, Cimarex Energy Co., Reeves County, 7.2 million reported
DIXIELAND STATE 55-6 EAST UNIT — gas, Cimarex Energy Co., Reeves County, 7.2 million reported
SNYDER - STATE OF TEXAS GAS UNIT — gas, Snyder Oil Corporation, Reeves County, 7.2 million reported
STONEMAN STATE 3927 — gas, PDC Permian, Inc., Reeves County, 7.1 million reported
EL JEFE — gas, Conocophillips Company, Reeves County, 7.1 million reported
MCGARY STATE UNIT 1011 — gas, Carrizo (Permian) LLC, Reeves County, 6.9 million reported
DIXIELAND STATE 55-6 EAST UNIT — gas, Cimarex Energy Co., Reeves County, 6.9 million reported
DOGWOOD STATE — gas, Apache Corporation, Reeves County, 6.9 million reported
YELLOW JACKET 1716 — gas, PDC Permian, Inc., Reeves County, 6.9 million reported
ROGERS "6" — gas, Endeavor Energy Resources L.P., Reeves County, 6.8 million reported
STATE LOONIE UNIT — gas, Eog Resources, Inc., Reeves County, 6.8 million reported
STATE OREDIGGER UNIT — gas, Eog Resources, Inc., Reeves County, 6.8 million reported
WAHA — oil, Apache Corporation, Reeves County, 6.8 million reported
MOHICAN UNIT — gas, Apache Corporation, Reeves County, 6.7 million reported
BLUE MARLIN STATE — gas, Conocophillips Company, Reeves County, 6.7 million reported
CHERRY STATE 56-2-13-1 E — gas, Anadarko E&P Onshore LLC, Reeves County, 6.7 million reported
ELECTRIC STATE 57-33 — gas, Cimarex Energy Co., Reeves County, 6.7 million reported
BLUE MARLIN STATE — gas, Conocophillips Company, Reeves County, 6.7 million reported
GOLENTERNEK-RUDMAN UNIT — gas, Wiser Oil Company, The, Reeves County, 6.7 million reported
REV GF STATE T7 50 — oil, Chevron U. S. A. Inc., Reeves County, 6.6 million reported
MOHICAN UNIT — gas, Apache Corporation, Reeves County, 6.6 million reported
SENTINEL STATE 55-28 UNIT — gas, Cimarex Energy Co., Reeves County, 6.6 million reported
EL JEFE — gas, Conocophillips Company, Reeves County, 6.5 million reported
HEAD HONCHO STATE — gas, Conocophillips Company, Reeves County, 6.5 million reported
STATE CHAMP 56-T3-12X5 — gas, BPX Operating Company, Reeves County, 6.5 million reported
STATE LOONIE UNIT — gas, Eog Resources, Inc., Reeves County, 6.5 million reported
LONGFELLOW UNIT 3-13 — gas, Energen Resources Corporation, Reeves County, 6.5 million reported
BIRCH UNIT — gas, Apache Corporation, Reeves County, 6.5 million reported
KNOB CREEK 12-11 UNIT — gas, Luxe Operating LLC, Reeves County, 6.4 million reported
SHADRACH 68 UNIT — gas, Colgate Operating, LLC, Reeves County, 6.4 million reported
DARCY STATE UNIT 22-25 — gas, Rio Oil And Gas (Permian) II,LLC, Reeves County, 6.4 million reported
STATE STREAMER UNIT — gas, Eog Resources, Inc., Reeves County, 6.4 million reported
POP 4-59 60 — gas, Centennial Resource Prod, LLC, Reeves County, 6.3 million reported
MERIDIAN STATE 57-3-23-11 F — gas, Anadarko E&P Onshore LLC, Reeves County, 6.3 million reported
CENTAUR STATE 57-2-18 UNIT — gas, Anadarko E&P Onshore LLC, Reeves County, 6.2 million reported
FURY — gas, Apache Corporation, Reeves County, 6.2 million reported
DENMAN STATE 26 — gas, Jones Energy, LLC, Reeves County, 6.2 million reported
HEAD HONCHO STATE — gas, Conocophillips Company, Reeves County, 6.1 million reported
TOONE 13-157 — gas, Chesapeake Operating, Inc., Reeves County, 6.1 million reported
CALAMITY JANE — oil, Rosetta Resources Operating LP, Reeves County, 6.1 million reported
STATE SILVERADO 58-T2-48X37 — gas, BPX Operating Company, Reeves County, 6.1 million reported
RICHBURG UNIT — gas, Mobil Producing TX. & N.M. Inc., Reeves County, 6.1 million reported
WAPITI A UNIT — gas, Eog Resources, Inc., Reeves County, 6.1 million reported
CREE STATE UNIT — gas, Apache Corporation, Reeves County, 6.1 million reported
BIRCH UNIT — gas, Apache Corporation, Reeves County, 6.1 million reported
ALLMAN 24 — gas, Atlantic Resources Company, LLC, Reeves County, 6.1 million reported
HEAD HONCHO STATE — gas, Conocophillips Company, Reeves County, 6.1 million reported
STINGER 1716 — gas, PDC Permian, Inc., Reeves County, 6.0 million reported
SOUTH ELEPHANT WOLFCAMP UNIT — gas, Resolute Natural Res. Co., LLC, Reeves County, 6.0 million reported
BUCKSKIN STATE 1003 1U — gas, PDC Permian, Inc., Reeves County, 6.0 million reported
ASPEN STATE — gas, Apache Corporation, Reeves County, 6.0 million reported
DARCY STATE UNIT 22-25 — gas, Rio Oil And Gas (Permian) II,LLC, Reeves County, 6.0 million reported
TOMAHAWK — gas, Carrizo (Permian) LLC, Reeves County, 6.0 million reported
BLAKE STATE 15-22 — gas, Rio Oil And Gas (Permian) II,LLC, Reeves County, 6.0 million reported
WINTOON — gas, Apache Corporation, Reeves County, 6.0 million reported
SMITHERATOR STATE — gas, Petro-Hunt Permian, LLC, Reeves County, 5.9 million reported
BUCKSKIN STATE 1003 3U — gas, PDC Permian, Inc., Reeves County, 5.9 million reported
RON 56-8 UNIT — gas, PDC Permian, Inc., Reeves County, 5.9 million reported
MONSANTO MCKELLER UNIT — gas, Finley Resources, Inc., Reeves County, 5.9 million reported
CEDAR STATE UNIT — gas, Apache Corporation, Reeves County, 5.9 million reported
EVANS, N. T. — gas, Union Oil Company Of California, Reeves County, 5.8 million reported
LUMBEE — gas, Apache Corporation, Reeves County, 5.8 million reported
BROWN STATE 44-2 — gas, Rio Oil And Gas (Permian) II,LLC, Reeves County, 5.8 million reported
IROQUOIS STATE UNIT — gas, Apache Corporation, Reeves County, 5.8 million reported
HODGE "B" — gas, Mobil Producing TX. & N.M. Inc., Reeves County, 5.8 million reported
SANDLOT STATE — gas, Resolute Natural Res. Co., LLC, Reeves County, 5.8 million reported
WOLVERINE STATE 55-1 UNIT D — gas, Cimarex Energy Co., Reeves County, 5.8 million reported
DARCY STATE UNIT 22-25 — gas, Rio Oil And Gas (Permian) II,LLC, Reeves County, 5.8 million reported
CHECKERS STATE UNIT 54-12-21 — gas, Energen Resources Corporation, Reeves County, 5.8 million reported
STATE SHEKEL UNIT — gas, Eog Resources, Inc., Reeves County, 5.7 million reported
LARCENY 12-11W UNIT — gas, Luxe Operating LLC, Reeves County, 5.7 million reported
HARDCASTLE STATE 27-34-39 B — gas, Cimarex Energy Co., Reeves County, 5.7 million reported
MOHICAN UNIT — gas, Apache Corporation, Reeves County, 5.7 million reported
BLAKE STATE 15-22 — gas, Rio Oil And Gas (Permian) II,LLC, Reeves County, 5.7 million reported
STATE CORREA UNIT — gas, Eog Resources, Inc., Reeves County, 5.6 million reported
ROULETTE — gas, Conocophillips Company, Reeves County, 5.6 million reported
SAMURAI 4-49-50 — gas, Centennial Resource Prod, LLC, Reeves County, 5.6 million reported
STATE TRACKER 58-T2-38X35 SA — gas, BPX Operating Company, Reeves County, 5.5 million reported
RETAMA STATE UNIT — gas, Apache Corporation, Reeves County, 5.5 million reported
BOUCHER 2 — gas, Resolute Natural Res. Co., LLC, Reeves County, 5.5 million reported
BLAKE STATE 15-22 — gas, Rio Oil And Gas (Permian) II,LLC, Reeves County, 5.5 million reported
ROULETTE — gas, Conocophillips Company, Reeves County, 5.5 million reported
PALM UNIT — gas, Apache Corporation, Reeves County, 5.5 million reported
BULLEIT 12-15-16 UNIT — gas, Luxe Operating LLC, Reeves County, 5.5 million reported
WOOD STATE 57-26 UNIT C — gas, Cimarex Energy Co., Reeves County, 5.4 million reported
STATE CORREA UNIT — gas, Eog Resources, Inc., Reeves County, 5.4 million reported
MERIDIAN STATE 57-3-23-11 E — gas, Anadarko E&P Onshore LLC, Reeves County, 5.4 million reported
BODKINS — gas, Pure Resources, L.P., Reeves County, 5.4 million reported
GREENWICH NE 3130 — gas, PDC Permian, Inc., Reeves County, 5.4 million reported
PALM UNIT — gas, Apache Corporation, Reeves County, 5.4 million reported
BULLEIT 12-15-16 UNIT — gas, Luxe Operating LLC, Reeves County, 5.3 million reported
ROADRUNNER STATE 2 — gas, WPX Energy Permian, LLC, Reeves County, 5.3 million reported
ORANGE CRUSH UNIT — gas, Apr Operating LLC, Reeves County, 5.3 million reported
ASH UNIT — gas, Apache Corporation, Reeves County, 5.3 million reported
KENOSHA 4441 — gas, PDC Permian, Inc., Reeves County, 5.3 million reported
UINTA — gas, Resolute Natural Res. Co., LLC, Reeves County, 5.3 million reported
CONQUISTA STATE UNIT 54-1-8 — gas, Rio Oil And Gas (Permian) II,LLC, Reeves County, 5.3 million reported
HODGE, J. HOWARD B — gas, Quantum Resources Management,LLC, Reeves County, 5.3 million reported
STATE OREDIGGER UNIT — gas, Eog Resources, Inc., Reeves County, 5.3 million reported
SNOWSHOE STATE 57-10 UNIT — gas, Cimarex Energy Co., Reeves County, 5.2 million reported
STATE WHITE ROCK — gas, Lakewood Energy LLC, Reeves County, 5.2 million reported
BATTLESHIP — gas, Conocophillips Company, Reeves County, 5.2 million reported
GEORGE 1 — gas, WPX Energy Permian, LLC, Reeves County, 5.2 million reported
STATE GOODSPEED 57-T2-45X4 — gas, BPX Operating Company, Reeves County, 5.2 million reported
STATE OREDIGGER UNIT — gas, Eog Resources, Inc., Reeves County, 5.2 million reported
STATE STONEFLY UNIT — gas, Eog Resources, Inc., Reeves County, 5.2 million reported
LUMBEE — gas, Apache Corporation, Reeves County, 5.2 million reported
NINJA 4-50 49 — gas, Centennial Resource Prod, LLC, Reeves County, 5.2 million reported
LUMBEE — gas, Apache Corporation, Reeves County, 5.1 million reported
WOLVERINE STATE 55-1 UNIT C — gas, Cimarex Energy Co., Reeves County, 5.1 million reported

Production figures are as reported to the Railroad Commission of Texas. Values shown on lease pages are estimates produced by fitting a decline curve to that reported history; they are not offers or appraisals.