LANDLUBBER
LANDLUBBER is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Blackbeard Operating, LLC. It has 17 wellbores on file with the Commission. Reported production runs from April 2017 to August 2026, totalling 856,368 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 $6.3M, with roughly $1.8M 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 2,567 barrels a month, about 151 per wellbore. Its strongest month on the record we hold was January 2020, at 34,891 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 LANDLUBBER
- Who operates LANDLUBBER?
- LANDLUBBER is operated by Blackbeard Operating, LLC, Railroad Commission of Texas operator number 073056.
- Where is LANDLUBBER?
- LANDLUBBER is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48999.
- Is LANDLUBBER still producing?
- LANDLUBBER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LANDLUBBER is August 2026.
- How much has LANDLUBBER produced?
- LANDLUBBER has reported 856,368 barrels of oil (bbl) to the Railroad Commission of Texas between April 2017 and August 2026, from 17 wellbores.
- How much is LANDLUBBER worth?
- The remaining production from LANDLUBBER is estimated to be worth about $6.3M in total as of 27 August 2026, within a range of $5.2M to $7.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LANDLUBBER is a fraction of it. The estimate fits an Arps decline curve to the production LANDLUBBER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LANDLUBBER is an estimate of value, not an offer and not an appraisal.
- How much income does LANDLUBBER generate in a year?
- LANDLUBBER is forecast to net about $1.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LANDLUBBER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Blackbeard Operating, LLC |
|---|---|
| Field | Sand Hills (Clear Fork) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 48999 |
| Wellbores | 17 |
| Reported production | 856,368 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.3M |
Where LANDLUBBER 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.