AGATE 182-179-1N
AGATE 182-179-1N is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 1 wellbore on file with the Commission. Reported production runs from July 2016 to August 2026, totalling 211,434 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 $96K, with roughly $77K 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 356 barrels a month. Its strongest month on the record we hold was September 2016, at 15,776 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 AGATE 182-179-1N
- Who operates AGATE 182-179-1N?
- AGATE 182-179-1N is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is AGATE 182-179-1N?
- AGATE 182-179-1N is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48239.
- Is AGATE 182-179-1N still producing?
- AGATE 182-179-1N is currently producing. The most recent month of production reported to the Railroad Commission of Texas for AGATE 182-179-1N is August 2026.
- How much has AGATE 182-179-1N produced?
- AGATE 182-179-1N has reported 211,434 barrels of oil (bbl) to the Railroad Commission of Texas between July 2016 and August 2026, from 1 wellbore.
- How much is AGATE 182-179-1N worth?
- The remaining production from AGATE 182-179-1N is estimated to be worth about $96K in total as of 26 August 2026, within a range of $75K to $117K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in AGATE 182-179-1N is a fraction of it. The estimate fits an Arps decline curve to the production AGATE 182-179-1N has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for AGATE 182-179-1N is an estimate of value, not an offer and not an appraisal.
- How much income does AGATE 182-179-1N generate in a year?
- AGATE 182-179-1N is forecast to net about $77K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in AGATE 182-179-1N 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 | 48239 |
| Wellbores | 1 |
| Reported production | 211,434 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $96K |
Where AGATE 182-179-1N 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.