NO RISK IT UNIT 246-245
NO RISK IT UNIT 246-245 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Greenlake Energy Operating, LLC. It has 7 wellbores on file with the Commission. Reported production runs from August 2023 to August 2026, totalling 1,527,098 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 $48.1M, with roughly $16.2M 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 30,115 barrels a month, about 4,302 per wellbore. Its strongest month on the record we hold was April 2024, at 139,061 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 NO RISK IT UNIT 246-245
- Who operates NO RISK IT UNIT 246-245?
- NO RISK IT UNIT 246-245 is operated by Greenlake Energy Operating, LLC, Railroad Commission of Texas operator number 331448.
- Where is NO RISK IT UNIT 246-245?
- NO RISK IT UNIT 246-245 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60444.
- Is NO RISK IT UNIT 246-245 still producing?
- NO RISK IT UNIT 246-245 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NO RISK IT UNIT 246-245 is August 2026.
- How much has NO RISK IT UNIT 246-245 produced?
- NO RISK IT UNIT 246-245 has reported 1,527,098 barrels of oil (bbl) to the Railroad Commission of Texas between August 2023 and August 2026, from 7 wellbores.
- How much is NO RISK IT UNIT 246-245 worth?
- The remaining production from NO RISK IT UNIT 246-245 is estimated to be worth about $48.1M in total as of 27 August 2026, within a range of $39.5M to $56.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NO RISK IT UNIT 246-245 is a fraction of it. The estimate fits an Arps decline curve to the production NO RISK IT UNIT 246-245 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NO RISK IT UNIT 246-245 is an estimate of value, not an offer and not an appraisal.
- How much income does NO RISK IT UNIT 246-245 generate in a year?
- NO RISK IT UNIT 246-245 is forecast to net about $16.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NO RISK IT UNIT 246-245 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Greenlake Energy Operating, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 60444 |
| Wellbores | 7 |
| Reported production | 1,527,098 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $48.1M |
Where NO RISK IT UNIT 246-245 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.