RIBEYE UNIT
RIBEYE UNIT is a Texas oil lease in Atascosa County, Railroad Commission district 01, operated by Abraxas Petroleum Corporation. It has 2 wellbores on file with the Commission. Reported production runs from August 2014 to August 2026, totalling 170,181 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 $643K, with roughly $185K 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 312 barrels a month, about 156 per wellbore. Its strongest month on the record we hold was October 2016, at 1,928 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 RIBEYE UNIT
- Who operates RIBEYE UNIT?
- RIBEYE UNIT is operated by Abraxas Petroleum Corporation, Railroad Commission of Texas operator number 003125.
- Where is RIBEYE UNIT?
- RIBEYE UNIT is a Texas oil lease in Atascosa County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 18072.
- Is RIBEYE UNIT still producing?
- RIBEYE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RIBEYE UNIT is August 2026.
- How much has RIBEYE UNIT produced?
- RIBEYE UNIT has reported 170,181 barrels of oil (bbl) to the Railroad Commission of Texas between August 2014 and August 2026, from 2 wellbores.
- How much is RIBEYE UNIT worth?
- The remaining production from RIBEYE UNIT is estimated to be worth about $643K in total as of 26 August 2026, within a range of $502K to $785K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RIBEYE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production RIBEYE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RIBEYE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does RIBEYE UNIT generate in a year?
- RIBEYE UNIT is forecast to net about $185K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RIBEYE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Abraxas Petroleum Corporation |
|---|---|
| Field | Briscoe Ranch (Eagleford) |
| County | Atascosa County, Texas |
| RRC district | 01 |
| Lease number | 18072 |
| Wellbores | 2 |
| Reported production | 170,181 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $643K |
Where RIBEYE UNIT 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.