PECOS BILL STATE 204-203 UNIT A
PECOS BILL STATE 204-203 UNIT A is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Noble Energy Inc. It has 3 wellbores on file with the Commission. Reported production runs from March 2020 to August 2026, totalling 1,743,966 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 $5.1M, with roughly $2.3M 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 3,687 barrels a month, about 1,229 per wellbore. Its strongest month on the record we hold was May 2020, at 91,990 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 PECOS BILL STATE 204-203 UNIT A
- Who operates PECOS BILL STATE 204-203 UNIT A?
- PECOS BILL STATE 204-203 UNIT A is operated by Noble Energy Inc, Railroad Commission of Texas operator number 611665.
- Where is PECOS BILL STATE 204-203 UNIT A?
- PECOS BILL STATE 204-203 UNIT A is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54116.
- Is PECOS BILL STATE 204-203 UNIT A still producing?
- PECOS BILL STATE 204-203 UNIT A is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PECOS BILL STATE 204-203 UNIT A is August 2026.
- How much has PECOS BILL STATE 204-203 UNIT A produced?
- PECOS BILL STATE 204-203 UNIT A has reported 1,743,966 barrels of oil (bbl) to the Railroad Commission of Texas between March 2020 and August 2026, from 3 wellbores.
- How much is PECOS BILL STATE 204-203 UNIT A worth?
- The remaining production from PECOS BILL STATE 204-203 UNIT A is estimated to be worth about $5.1M in total as of 26 August 2026, within a range of $4.2M to $6.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PECOS BILL STATE 204-203 UNIT A is a fraction of it. The estimate fits an Arps decline curve to the production PECOS BILL STATE 204-203 UNIT A has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PECOS BILL STATE 204-203 UNIT A is an estimate of value, not an offer and not an appraisal.
- How much income does PECOS BILL STATE 204-203 UNIT A generate in a year?
- PECOS BILL STATE 204-203 UNIT A is forecast to net about $2.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PECOS BILL STATE 204-203 UNIT A 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 | 54116 |
| Wellbores | 3 |
| Reported production | 1,743,966 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.1M |
Where PECOS BILL STATE 204-203 UNIT A 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.