ARMADRILLA STATE UNIT 20-21E
ARMADRILLA STATE UNIT 20-21E is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Primexx Operating Corporation. It has 1 wellbore on file with the Commission. Reported production runs from November 2018 to August 2026, totalling 310,200 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 $2.9M, with roughly $636K 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 598 barrels a month. Its strongest month on the record we hold was December 2018, at 32,693 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 ARMADRILLA STATE UNIT 20-21E
- Who operates ARMADRILLA STATE UNIT 20-21E?
- ARMADRILLA STATE UNIT 20-21E is operated by Primexx Operating Corporation, Railroad Commission of Texas operator number 677852.
- Where is ARMADRILLA STATE UNIT 20-21E?
- ARMADRILLA STATE UNIT 20-21E is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51245.
- Is ARMADRILLA STATE UNIT 20-21E still producing?
- ARMADRILLA STATE UNIT 20-21E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ARMADRILLA STATE UNIT 20-21E is August 2026.
- How much has ARMADRILLA STATE UNIT 20-21E produced?
- ARMADRILLA STATE UNIT 20-21E has reported 310,200 barrels of oil (bbl) to the Railroad Commission of Texas between November 2018 and August 2026, from 1 wellbore.
- How much is ARMADRILLA STATE UNIT 20-21E worth?
- The remaining production from ARMADRILLA STATE UNIT 20-21E is estimated to be worth about $2.9M in total as of 26 August 2026, within a range of $2.3M to $3.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ARMADRILLA STATE UNIT 20-21E is a fraction of it. The estimate fits an Arps decline curve to the production ARMADRILLA STATE UNIT 20-21E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ARMADRILLA STATE UNIT 20-21E is an estimate of value, not an offer and not an appraisal.
- How much income does ARMADRILLA STATE UNIT 20-21E generate in a year?
- ARMADRILLA STATE UNIT 20-21E is forecast to net about $636K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ARMADRILLA STATE UNIT 20-21E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Primexx Operating Corporation |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 51245 |
| Wellbores | 1 |
| Reported production | 310,200 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.9M |
Where ARMADRILLA STATE UNIT 20-21E 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.