TELLER 186
TELLER 186 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 3 wellbores on file with the Commission. Reported production runs from May 2015 to August 2026, totalling 1,117,483 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 $26.4M, with roughly $7.8M 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 12,807 barrels a month, about 4,269 per wellbore. Its strongest month on the record we hold was September 2023, at 62,205 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 TELLER 186
- Who operates TELLER 186?
- TELLER 186 is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is TELLER 186?
- TELLER 186 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46919.
- Is TELLER 186 still producing?
- TELLER 186 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TELLER 186 is August 2026.
- How much has TELLER 186 produced?
- TELLER 186 has reported 1,117,483 barrels of oil (bbl) to the Railroad Commission of Texas between May 2015 and August 2026, from 3 wellbores.
- How much is TELLER 186 worth?
- The remaining production from TELLER 186 is estimated to be worth about $26.4M in total as of 26 August 2026, within a range of $21.6M to $31.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TELLER 186 is a fraction of it. The estimate fits an Arps decline curve to the production TELLER 186 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TELLER 186 is an estimate of value, not an offer and not an appraisal.
- How much income does TELLER 186 generate in a year?
- TELLER 186 is forecast to net about $7.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TELLER 186 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thompson, J. Cleo |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 46919 |
| Wellbores | 3 |
| Reported production | 1,117,483 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $26.4M |
Where TELLER 186 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.