NOBLES
NOBLES is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Henry Resources LLC. It has 138 wellbores on file with the Commission. Reported production runs from October 2008 to August 2026, totalling 15,667,853 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 $198.8M, with roughly $54.8M 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 82,156 barrels a month, about 595 per wellbore. Its strongest month on the record we hold was July 2023, at 411,160 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 NOBLES
- Who operates NOBLES?
- NOBLES is operated by Henry Resources LLC, Railroad Commission of Texas operator number 378535.
- Where is NOBLES?
- NOBLES is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 39040.
- Is NOBLES still producing?
- NOBLES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NOBLES is August 2026.
- How much has NOBLES produced?
- NOBLES has reported 15,667,853 barrels of oil (bbl) to the Railroad Commission of Texas between October 2008 and August 2026, from 138 wellbores.
- How much is NOBLES worth?
- The remaining production from NOBLES is estimated to be worth about $198.8M in total as of 26 August 2026, within a range of $163.0M to $234.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NOBLES is a fraction of it. The estimate fits an Arps decline curve to the production NOBLES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NOBLES is an estimate of value, not an offer and not an appraisal.
- How much income does NOBLES generate in a year?
- NOBLES is forecast to net about $54.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NOBLES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Henry Resources LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 39040 |
| Wellbores | 138 |
| Reported production | 15,667,853 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $198.8M |
Where NOBLES 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.