BLACK STONE
BLACK STONE is a Texas oil lease in Potter County, Railroad Commission district 10, operated by Le Norman Operating LLC. It has 2 wellbores on file with the Commission. Reported production runs from August 2018 to August 2026, totalling 289,395 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 $2.4M, with roughly $658K 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 855 barrels a month, about 428 per wellbore. Its strongest month on the record we hold was September 2018, at 30,597 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 BLACK STONE
- Who operates BLACK STONE?
- BLACK STONE is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is BLACK STONE?
- BLACK STONE is a Texas oil lease in Potter County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 09689.
- Is BLACK STONE still producing?
- BLACK STONE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BLACK STONE is August 2026.
- How much has BLACK STONE produced?
- BLACK STONE has reported 289,395 barrels of oil (bbl) to the Railroad Commission of Texas between August 2018 and August 2026, from 2 wellbores.
- How much is BLACK STONE worth?
- The remaining production from BLACK STONE is estimated to be worth about $2.4M in total as of 26 August 2026, within a range of $1.9M to $3.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BLACK STONE is a fraction of it. The estimate fits an Arps decline curve to the production BLACK STONE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BLACK STONE is an estimate of value, not an offer and not an appraisal.
- How much income does BLACK STONE generate in a year?
- BLACK STONE is forecast to net about $658K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BLACK STONE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Le Norman Operating LLC |
|---|---|
| Field | Bivins Lit (Canyon Lime) |
| County | Potter County, Texas |
| RRC district | 10 |
| Lease number | 09689 |
| Wellbores | 2 |
| Reported production | 289,395 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.4M |
Where BLACK STONE 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.