TINIAN-PREWIT 24-14 UNIT
TINIAN-PREWIT 24-14 UNIT is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Colgate Operating, LLC. It has 3 wellbores on file with the Commission. Reported production runs from May 2019 to August 2026, totalling 1,305,462 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 $28.4M, with roughly $6.4M 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 7,839 barrels a month, about 2,613 per wellbore. Its strongest month on the record we hold was August 2021, at 62,605 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 TINIAN-PREWIT 24-14 UNIT
- Who operates TINIAN-PREWIT 24-14 UNIT?
- TINIAN-PREWIT 24-14 UNIT is operated by Colgate Operating, LLC, Railroad Commission of Texas operator number 167327.
- Where is TINIAN-PREWIT 24-14 UNIT?
- TINIAN-PREWIT 24-14 UNIT is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 52703.
- Is TINIAN-PREWIT 24-14 UNIT still producing?
- TINIAN-PREWIT 24-14 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TINIAN-PREWIT 24-14 UNIT is August 2026.
- How much has TINIAN-PREWIT 24-14 UNIT produced?
- TINIAN-PREWIT 24-14 UNIT has reported 1,305,462 barrels of oil (bbl) to the Railroad Commission of Texas between May 2019 and August 2026, from 3 wellbores.
- How much is TINIAN-PREWIT 24-14 UNIT worth?
- The remaining production from TINIAN-PREWIT 24-14 UNIT is estimated to be worth about $28.4M in total as of 27 August 2026, within a range of $23.6M to $33.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TINIAN-PREWIT 24-14 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production TINIAN-PREWIT 24-14 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TINIAN-PREWIT 24-14 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does TINIAN-PREWIT 24-14 UNIT generate in a year?
- TINIAN-PREWIT 24-14 UNIT is forecast to net about $6.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TINIAN-PREWIT 24-14 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Colgate Operating, LLC |
|---|---|
| Field | Hoefs T-K (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 52703 |
| Wellbores | 3 |
| Reported production | 1,305,462 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $28.4M |
Where TINIAN-PREWIT 24-14 UNIT 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.