BILLY BONES
BILLY BONES is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Blackbeard Operating, LLC. It has 8 wellbores on file with the Commission. Reported production runs from February 2023 to August 2026, totalling 384,664 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 $27.8M, with roughly $6.0M 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 8,696 barrels a month, about 1,087 per wellbore. Its strongest month on the record we hold was September 2023, at 17,423 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 BILLY BONES
- Who operates BILLY BONES?
- BILLY BONES is operated by Blackbeard Operating, LLC, Railroad Commission of Texas operator number 073056.
- Where is BILLY BONES?
- BILLY BONES is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 59126.
- Is BILLY BONES still producing?
- BILLY BONES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BILLY BONES is August 2026.
- How much has BILLY BONES produced?
- BILLY BONES has reported 384,664 barrels of oil (bbl) to the Railroad Commission of Texas between February 2023 and August 2026, from 8 wellbores.
- How much is BILLY BONES worth?
- The remaining production from BILLY BONES is estimated to be worth about $27.8M in total as of 26 August 2026, within a range of $23.1M to $32.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BILLY BONES is a fraction of it. The estimate fits an Arps decline curve to the production BILLY BONES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BILLY BONES is an estimate of value, not an offer and not an appraisal.
- How much income does BILLY BONES generate in a year?
- BILLY BONES is forecast to net about $6.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BILLY BONES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Blackbeard Operating, LLC |
|---|---|
| Field | Armer (6350) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 59126 |
| Wellbores | 8 |
| Reported production | 384,664 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $27.8M |
Where BILLY BONES 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.