CHARLESTON HOT 7-8-18
CHARLESTON HOT 7-8-18 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 2022 to August 2026, totalling 1,308,158 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 $33.3M, with roughly $7.4M 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 10,120 barrels a month, about 3,373 per wellbore. Its strongest month on the record we hold was March 2022, at 108,890 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 CHARLESTON HOT 7-8-18
- Who operates CHARLESTON HOT 7-8-18?
- CHARLESTON HOT 7-8-18 is operated by Noble Energy Inc, Railroad Commission of Texas operator number 611665.
- Where is CHARLESTON HOT 7-8-18?
- CHARLESTON HOT 7-8-18 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 57493.
- Is CHARLESTON HOT 7-8-18 still producing?
- CHARLESTON HOT 7-8-18 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHARLESTON HOT 7-8-18 is August 2026.
- How much has CHARLESTON HOT 7-8-18 produced?
- CHARLESTON HOT 7-8-18 has reported 1,308,158 barrels of oil (bbl) to the Railroad Commission of Texas between March 2022 and August 2026, from 3 wellbores.
- How much is CHARLESTON HOT 7-8-18 worth?
- The remaining production from CHARLESTON HOT 7-8-18 is estimated to be worth about $33.3M in total as of 27 August 2026, within a range of $27.3M to $39.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHARLESTON HOT 7-8-18 is a fraction of it. The estimate fits an Arps decline curve to the production CHARLESTON HOT 7-8-18 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHARLESTON HOT 7-8-18 is an estimate of value, not an offer and not an appraisal.
- How much income does CHARLESTON HOT 7-8-18 generate in a year?
- CHARLESTON HOT 7-8-18 is forecast to net about $7.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CHARLESTON HOT 7-8-18 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Noble Energy Inc |
|---|---|
| Field | Hoefs T-K (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 57493 |
| Wellbores | 3 |
| Reported production | 1,308,158 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $33.3M |
Where CHARLESTON HOT 7-8-18 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.