BLACKFOOT WEST UNIT
BLACKFOOT WEST UNIT is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 11 wellbores on file with the Commission. Reported production runs from August 2017 to August 2026, totalling 4,537,739 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 $43.8M, with roughly $8.8M 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 9,505 barrels a month, about 864 per wellbore. Its strongest month on the record we hold was December 2018, at 191,429 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 BLACKFOOT WEST UNIT
- Who operates BLACKFOOT WEST UNIT?
- BLACKFOOT WEST UNIT is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is BLACKFOOT WEST UNIT?
- BLACKFOOT WEST UNIT is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50000.
- Is BLACKFOOT WEST UNIT still producing?
- BLACKFOOT WEST UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BLACKFOOT WEST UNIT is August 2026.
- How much has BLACKFOOT WEST UNIT produced?
- BLACKFOOT WEST UNIT has reported 4,537,739 barrels of oil (bbl) to the Railroad Commission of Texas between August 2017 and August 2026, from 11 wellbores.
- How much is BLACKFOOT WEST UNIT worth?
- The remaining production from BLACKFOOT WEST UNIT is estimated to be worth about $43.8M in total as of 27 August 2026, within a range of $36.3M to $51.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BLACKFOOT WEST UNIT is a fraction of it. The estimate fits an Arps decline curve to the production BLACKFOOT WEST UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BLACKFOOT WEST UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does BLACKFOOT WEST UNIT generate in a year?
- BLACKFOOT WEST UNIT is forecast to net about $8.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BLACKFOOT WEST UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Diamondback E&P LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 50000 |
| Wellbores | 11 |
| Reported production | 4,537,739 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $43.8M |
Where BLACKFOOT WEST 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.