BLACK 50
BLACK 50 is a Texas gas lease in Wheeler County, Railroad Commission district 10, operated by Linn Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2012 to August 2026, totalling 1,157,978 thousand cubic feet. 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 $1.1M, with roughly $196K 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 4,608 thousand cubic feet a month. Its strongest month on the record we hold was June 2023, at 13,304 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 BLACK 50
- Who operates BLACK 50?
- BLACK 50 is operated by Linn Operating, Inc., Railroad Commission of Texas operator number 501545.
- Where is BLACK 50?
- BLACK 50 is a Texas gas lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 271887.
- Is BLACK 50 still producing?
- BLACK 50 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BLACK 50 is August 2026.
- How much has BLACK 50 produced?
- BLACK 50 has reported 1,157,978 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2012 and August 2026, from 1 wellbore.
- How much is BLACK 50 worth?
- The remaining production from BLACK 50 is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $887K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BLACK 50 is a fraction of it. The estimate fits an Arps decline curve to the production BLACK 50 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BLACK 50 is an estimate of value, not an offer and not an appraisal.
- How much income does BLACK 50 generate in a year?
- BLACK 50 is forecast to net about $196K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BLACK 50 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Linn Operating, Inc. |
|---|---|
| Field | Mills Ranch (Granite Wash Cons.) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 271887 |
| Wellbores | 1 |
| Reported production | 1,157,978 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where BLACK 50 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.