NECHES UNIT 177-179E
NECHES UNIT 177-179E 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 2019 to August 2026, totalling 343,304 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 $1.7M, with roughly $851K 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 1,407 barrels a month. Its strongest month on the record we hold was January 2020, at 27,228 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 NECHES UNIT 177-179E
- Who operates NECHES UNIT 177-179E?
- NECHES UNIT 177-179E is operated by Primexx Operating Corporation, Railroad Commission of Texas operator number 677852.
- Where is NECHES UNIT 177-179E?
- NECHES UNIT 177-179E is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53485.
- Is NECHES UNIT 177-179E still producing?
- NECHES UNIT 177-179E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NECHES UNIT 177-179E is August 2026.
- How much has NECHES UNIT 177-179E produced?
- NECHES UNIT 177-179E has reported 343,304 barrels of oil (bbl) to the Railroad Commission of Texas between November 2019 and August 2026, from 1 wellbore.
- How much is NECHES UNIT 177-179E worth?
- The remaining production from NECHES UNIT 177-179E is estimated to be worth about $1.7M in total as of 27 August 2026, within a range of $1.4M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NECHES UNIT 177-179E is a fraction of it. The estimate fits an Arps decline curve to the production NECHES UNIT 177-179E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NECHES UNIT 177-179E is an estimate of value, not an offer and not an appraisal.
- How much income does NECHES UNIT 177-179E generate in a year?
- NECHES UNIT 177-179E is forecast to net about $851K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NECHES UNIT 177-179E 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 | 53485 |
| Wellbores | 1 |
| Reported production | 343,304 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where NECHES UNIT 177-179E 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.