REEVES STATE T7-50-30
REEVES STATE T7-50-30 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 9 wellbores on file with the Commission. Reported production runs from April 2017 to August 2026, totalling 4,211,521 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 $19.3M, with roughly $6.2M 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 11,750 barrels a month, about 1,306 per wellbore. Its strongest month on the record we hold was August 2018, at 150,965 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 REEVES STATE T7-50-30
- Who operates REEVES STATE T7-50-30?
- REEVES STATE T7-50-30 is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is REEVES STATE T7-50-30?
- REEVES STATE T7-50-30 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49178.
- Is REEVES STATE T7-50-30 still producing?
- REEVES STATE T7-50-30 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REEVES STATE T7-50-30 is August 2026.
- How much has REEVES STATE T7-50-30 produced?
- REEVES STATE T7-50-30 has reported 4,211,521 barrels of oil (bbl) to the Railroad Commission of Texas between April 2017 and August 2026, from 9 wellbores.
- How much is REEVES STATE T7-50-30 worth?
- The remaining production from REEVES STATE T7-50-30 is estimated to be worth about $19.3M in total as of 26 August 2026, within a range of $15.8M to $22.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REEVES STATE T7-50-30 is a fraction of it. The estimate fits an Arps decline curve to the production REEVES STATE T7-50-30 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REEVES STATE T7-50-30 is an estimate of value, not an offer and not an appraisal.
- How much income does REEVES STATE T7-50-30 generate in a year?
- REEVES STATE T7-50-30 is forecast to net about $6.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REEVES STATE T7-50-30 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 49178 |
| Wellbores | 9 |
| Reported production | 4,211,521 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $19.3M |
Where REEVES STATE T7-50-30 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.