HEADLEE 2821 E
HEADLEE 2821 E is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 2 wellbores on file with the Commission. Reported production runs from May 2022 to August 2026, totalling 827,144 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 $18.2M, with roughly $5.9M 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 8,917 barrels a month, about 4,459 per wellbore. Its strongest month on the record we hold was November 2022, at 71,904 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 HEADLEE 2821 E
- Who operates HEADLEE 2821 E?
- HEADLEE 2821 E is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is HEADLEE 2821 E?
- HEADLEE 2821 E is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 57833.
- Is HEADLEE 2821 E still producing?
- HEADLEE 2821 E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HEADLEE 2821 E is August 2026.
- How much has HEADLEE 2821 E produced?
- HEADLEE 2821 E has reported 827,144 barrels of oil (bbl) to the Railroad Commission of Texas between May 2022 and August 2026, from 2 wellbores.
- How much is HEADLEE 2821 E worth?
- The remaining production from HEADLEE 2821 E is estimated to be worth about $18.2M in total as of 26 August 2026, within a range of $15.1M to $21.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HEADLEE 2821 E is a fraction of it. The estimate fits an Arps decline curve to the production HEADLEE 2821 E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HEADLEE 2821 E is an estimate of value, not an offer and not an appraisal.
- How much income does HEADLEE 2821 E generate in a year?
- HEADLEE 2821 E is forecast to net about $5.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HEADLEE 2821 E 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 | 57833 |
| Wellbores | 2 |
| Reported production | 827,144 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $18.2M |
Where HEADLEE 2821 E 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.