LANDLUBBER NE
LANDLUBBER NE is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Blackbeard Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from July 2018 to August 2026, totalling 38,965 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 $214K, with roughly $33K 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 28 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was July 2019, at 3,462 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 LANDLUBBER NE
- Who operates LANDLUBBER NE?
- LANDLUBBER NE is operated by Blackbeard Operating, LLC, Railroad Commission of Texas operator number 073056.
- Where is LANDLUBBER NE?
- LANDLUBBER NE is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51255.
- Is LANDLUBBER NE still producing?
- LANDLUBBER NE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LANDLUBBER NE is August 2026.
- How much has LANDLUBBER NE produced?
- LANDLUBBER NE has reported 38,965 barrels of oil (bbl) to the Railroad Commission of Texas between July 2018 and August 2026, from 2 wellbores.
- How much is LANDLUBBER NE worth?
- The remaining production from LANDLUBBER NE is estimated to be worth about $214K in total as of 27 August 2026, within a range of $118K to $310K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LANDLUBBER NE is a fraction of it. The estimate fits an Arps decline curve to the production LANDLUBBER NE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LANDLUBBER NE is an estimate of value, not an offer and not an appraisal.
- How much income does LANDLUBBER NE generate in a year?
- LANDLUBBER NE is forecast to net about $33K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LANDLUBBER NE 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 | 51255 |
| Wellbores | 2 |
| Reported production | 38,965 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $214K |
Where LANDLUBBER NE 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.