MODESTA UNIT 33-81-78
MODESTA UNIT 33-81-78 is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2019 to August 2026, totalling 279,407 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 $2.5M, with roughly $560K 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 659 barrels a month. Its strongest month on the record we hold was July 2019, at 26,225 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 MODESTA UNIT 33-81-78
- Who operates MODESTA UNIT 33-81-78?
- MODESTA UNIT 33-81-78 is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is MODESTA UNIT 33-81-78?
- MODESTA UNIT 33-81-78 is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 52808.
- Is MODESTA UNIT 33-81-78 still producing?
- MODESTA UNIT 33-81-78 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MODESTA UNIT 33-81-78 is August 2026.
- How much has MODESTA UNIT 33-81-78 produced?
- MODESTA UNIT 33-81-78 has reported 279,407 barrels of oil (bbl) to the Railroad Commission of Texas between June 2019 and August 2026, from 1 wellbore.
- How much is MODESTA UNIT 33-81-78 worth?
- The remaining production from MODESTA UNIT 33-81-78 is estimated to be worth about $2.5M in total as of 26 August 2026, within a range of $2.0M to $3.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MODESTA UNIT 33-81-78 is a fraction of it. The estimate fits an Arps decline curve to the production MODESTA UNIT 33-81-78 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MODESTA UNIT 33-81-78 is an estimate of value, not an offer and not an appraisal.
- How much income does MODESTA UNIT 33-81-78 generate in a year?
- MODESTA UNIT 33-81-78 is forecast to net about $560K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MODESTA UNIT 33-81-78 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Diamondback E&P LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 52808 |
| Wellbores | 1 |
| Reported production | 279,407 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.5M |
Where MODESTA UNIT 33-81-78 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.