BABOON 5
BABOON 5 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Patriot Resources, Inc. It has 3 wellbores on file with the Commission. Reported production runs from April 2013 to August 2026, totalling 502,228 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 $3.3M, with roughly $853K 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 1,197 barrels a month, about 399 per wellbore. Its strongest month on the record we hold was September 2016, at 5,770 barrels. 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 BABOON 5
- Who operates BABOON 5?
- BABOON 5 is operated by Patriot Resources, Inc., Railroad Commission of Texas operator number 643401.
- Where is BABOON 5?
- BABOON 5 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44287.
- Is BABOON 5 still producing?
- BABOON 5 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BABOON 5 is August 2026.
- How much has BABOON 5 produced?
- BABOON 5 has reported 502,228 barrels of oil (bbl) to the Railroad Commission of Texas between April 2013 and August 2026, from 3 wellbores.
- How much is BABOON 5 worth?
- The remaining production from BABOON 5 is estimated to be worth about $3.3M in total as of 26 August 2026, within a range of $2.7M to $3.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BABOON 5 is a fraction of it. The estimate fits an Arps decline curve to the production BABOON 5 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BABOON 5 is an estimate of value, not an offer and not an appraisal.
- How much income does BABOON 5 generate in a year?
- BABOON 5 is forecast to net about $853K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BABOON 5 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patriot Resources, Inc. |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 44287 |
| Wellbores | 3 |
| Reported production | 502,228 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.3M |
Where BABOON 5 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.