BLACKTIP 1-21 WRD UNIT 1
BLACKTIP 1-21 WRD UNIT 1 is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Chesapeake Operating, Inc. It has 3 wellbores on file with the Commission. Reported production runs from August 2010 to August 2026, totalling 415,143 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 $1.1M, with roughly $404K 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 588 barrels a month, about 196 per wellbore. Its strongest month on the record we hold was May 2016, at 3,816 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 BLACKTIP 1-21 WRD UNIT 1
- Who operates BLACKTIP 1-21 WRD UNIT 1?
- BLACKTIP 1-21 WRD UNIT 1 is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is BLACKTIP 1-21 WRD UNIT 1?
- BLACKTIP 1-21 WRD UNIT 1 is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40663.
- Is BLACKTIP 1-21 WRD UNIT 1 still producing?
- BLACKTIP 1-21 WRD UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BLACKTIP 1-21 WRD UNIT 1 is August 2026.
- How much has BLACKTIP 1-21 WRD UNIT 1 produced?
- BLACKTIP 1-21 WRD UNIT 1 has reported 415,143 barrels of oil (bbl) to the Railroad Commission of Texas between August 2010 and August 2026, from 3 wellbores.
- How much is BLACKTIP 1-21 WRD UNIT 1 worth?
- The remaining production from BLACKTIP 1-21 WRD UNIT 1 is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $858K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BLACKTIP 1-21 WRD UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production BLACKTIP 1-21 WRD UNIT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BLACKTIP 1-21 WRD UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does BLACKTIP 1-21 WRD UNIT 1 generate in a year?
- BLACKTIP 1-21 WRD UNIT 1 is forecast to net about $404K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BLACKTIP 1-21 WRD UNIT 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 40663 |
| Wellbores | 3 |
| Reported production | 415,143 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where BLACKTIP 1-21 WRD UNIT 1 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.