GIRAFFE UNIT 18C
GIRAFFE UNIT 18C is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Patriot Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2016 to August 2026, totalling 548,871 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 $2.6M, with roughly $584K 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 913 barrels a month. Its strongest month on the record we hold was August 2016, at 28,300 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 GIRAFFE UNIT 18C
- Who operates GIRAFFE UNIT 18C?
- GIRAFFE UNIT 18C is operated by Patriot Resources, Inc., Railroad Commission of Texas operator number 643401.
- Where is GIRAFFE UNIT 18C?
- GIRAFFE UNIT 18C is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47962.
- Is GIRAFFE UNIT 18C still producing?
- GIRAFFE UNIT 18C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GIRAFFE UNIT 18C is August 2026.
- How much has GIRAFFE UNIT 18C produced?
- GIRAFFE UNIT 18C has reported 548,871 barrels of oil (bbl) to the Railroad Commission of Texas between June 2016 and August 2026, from 1 wellbore.
- How much is GIRAFFE UNIT 18C worth?
- The remaining production from GIRAFFE UNIT 18C is estimated to be worth about $2.6M in total as of 26 August 2026, within a range of $2.0M to $3.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GIRAFFE UNIT 18C is a fraction of it. The estimate fits an Arps decline curve to the production GIRAFFE UNIT 18C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GIRAFFE UNIT 18C is an estimate of value, not an offer and not an appraisal.
- How much income does GIRAFFE UNIT 18C generate in a year?
- GIRAFFE UNIT 18C is forecast to net about $584K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GIRAFFE UNIT 18C 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 | 47962 |
| Wellbores | 1 |
| Reported production | 548,871 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where GIRAFFE UNIT 18C 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.