BLACKSTONE NW UNIT B

BLACKSTONE NW UNIT B is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Cholla Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2012 to August 2026, totalling 5,385 barrels. The lease is intermittent. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $689, with roughly $132 expected over the next twelve months. Over the last twelve months on file it averaged 8 barrels a month. Its strongest month on the record we hold was August 2017, at 71 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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.

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.