CARIBOU 10
CARIBOU 10 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Patriot Resources, Inc. It has 2 wellbores on file with the Commission. Reported production runs from August 2014 to August 2026, totalling 960,346 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 $8.8M, with roughly $1.9M 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 3,480 barrels a month, about 1,740 per wellbore. Its strongest month on the record we hold was May 2016, at 11,602 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 CARIBOU 10
- Who operates CARIBOU 10?
- CARIBOU 10 is operated by Patriot Resources, Inc., Railroad Commission of Texas operator number 643401.
- Where is CARIBOU 10?
- CARIBOU 10 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45946.
- Is CARIBOU 10 still producing?
- CARIBOU 10 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARIBOU 10 is August 2026.
- How much has CARIBOU 10 produced?
- CARIBOU 10 has reported 960,346 barrels of oil (bbl) to the Railroad Commission of Texas between August 2014 and August 2026, from 2 wellbores.
- How much is CARIBOU 10 worth?
- The remaining production from CARIBOU 10 is estimated to be worth about $8.8M in total as of 26 August 2026, within a range of $7.3M to $10.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARIBOU 10 is a fraction of it. The estimate fits an Arps decline curve to the production CARIBOU 10 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARIBOU 10 is an estimate of value, not an offer and not an appraisal.
- How much income does CARIBOU 10 generate in a year?
- CARIBOU 10 is forecast to net about $1.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CARIBOU 10 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 | 45946 |
| Wellbores | 2 |
| Reported production | 960,346 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.8M |
Where CARIBOU 10 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.