LULU PARR STATE 199-200 UNIT A-1
LULU PARR STATE 199-200 UNIT A-1 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Noble Energy Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 2020 to August 2026, totalling 762,545 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 $1.5M 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 2,871 barrels a month. Its strongest month on the record we hold was May 2020, at 36,294 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 LULU PARR STATE 199-200 UNIT A-1
- Who operates LULU PARR STATE 199-200 UNIT A-1?
- LULU PARR STATE 199-200 UNIT A-1 is operated by Noble Energy Inc, Railroad Commission of Texas operator number 611665.
- Where is LULU PARR STATE 199-200 UNIT A-1?
- LULU PARR STATE 199-200 UNIT A-1 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54046.
- Is LULU PARR STATE 199-200 UNIT A-1 still producing?
- LULU PARR STATE 199-200 UNIT A-1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LULU PARR STATE 199-200 UNIT A-1 is August 2026.
- How much has LULU PARR STATE 199-200 UNIT A-1 produced?
- LULU PARR STATE 199-200 UNIT A-1 has reported 762,545 barrels of oil (bbl) to the Railroad Commission of Texas between February 2020 and August 2026, from 1 wellbore.
- How much is LULU PARR STATE 199-200 UNIT A-1 worth?
- The remaining production from LULU PARR STATE 199-200 UNIT A-1 is estimated to be worth about $2.9M in total as of 26 August 2026, within a range of $2.4M to $3.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LULU PARR STATE 199-200 UNIT A-1 is a fraction of it. The estimate fits an Arps decline curve to the production LULU PARR STATE 199-200 UNIT A-1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LULU PARR STATE 199-200 UNIT A-1 is an estimate of value, not an offer and not an appraisal.
- How much income does LULU PARR STATE 199-200 UNIT A-1 generate in a year?
- LULU PARR STATE 199-200 UNIT A-1 is forecast to net about $1.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LULU PARR STATE 199-200 UNIT A-1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Noble Energy Inc |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 54046 |
| Wellbores | 1 |
| Reported production | 762,545 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.9M |
Where LULU PARR STATE 199-200 UNIT A-1 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.