L BLACK 88-87 WEST
L BLACK 88-87 WEST is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Occidental Permian Ltd. It has 2 wellbores on file with the Commission. Reported production runs from January 2018 to August 2026, totalling 597,993 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 $7.3M, with roughly $2.4M 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 3,845 barrels a month, about 1,923 per wellbore. Its strongest month on the record we hold was July 2018, at 38,418 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 L BLACK 88-87 WEST
- Who operates L BLACK 88-87 WEST?
- L BLACK 88-87 WEST is operated by Occidental Permian Ltd., Railroad Commission of Texas operator number 617544.
- Where is L BLACK 88-87 WEST?
- L BLACK 88-87 WEST is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49851.
- Is L BLACK 88-87 WEST still producing?
- L BLACK 88-87 WEST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for L BLACK 88-87 WEST is August 2026.
- How much has L BLACK 88-87 WEST produced?
- L BLACK 88-87 WEST has reported 597,993 barrels of oil (bbl) to the Railroad Commission of Texas between January 2018 and August 2026, from 2 wellbores.
- How much is L BLACK 88-87 WEST worth?
- The remaining production from L BLACK 88-87 WEST is estimated to be worth about $7.3M in total as of 27 August 2026, within a range of $6.1M to $8.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in L BLACK 88-87 WEST is a fraction of it. The estimate fits an Arps decline curve to the production L BLACK 88-87 WEST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for L BLACK 88-87 WEST is an estimate of value, not an offer and not an appraisal.
- How much income does L BLACK 88-87 WEST generate in a year?
- L BLACK 88-87 WEST is forecast to net about $2.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in L BLACK 88-87 WEST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Occidental Permian Ltd. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 49851 |
| Wellbores | 2 |
| Reported production | 597,993 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.3M |
Where L BLACK 88-87 WEST 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.