NOBLES UNIT
NOBLES UNIT is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Xto Energy Inc. It has 7 wellbores on file with the Commission. Reported production runs from May 2022 to August 2026, totalling 1,807,501 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 $26.3M, with roughly $8.3M 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 14,785 barrels a month, about 2,112 per wellbore. Its strongest month on the record we hold was March 2023, at 187,034 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 NOBLES UNIT
- Who operates NOBLES UNIT?
- NOBLES UNIT is operated by Xto Energy Inc., Railroad Commission of Texas operator number 945936.
- Where is NOBLES UNIT?
- NOBLES UNIT is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58044.
- Is NOBLES UNIT still producing?
- NOBLES UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NOBLES UNIT is August 2026.
- How much has NOBLES UNIT produced?
- NOBLES UNIT has reported 1,807,501 barrels of oil (bbl) to the Railroad Commission of Texas between May 2022 and August 2026, from 7 wellbores.
- How much is NOBLES UNIT worth?
- The remaining production from NOBLES UNIT is estimated to be worth about $26.3M in total as of 26 August 2026, within a range of $21.6M to $31.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NOBLES UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NOBLES UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NOBLES UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NOBLES UNIT generate in a year?
- NOBLES UNIT is forecast to net about $8.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NOBLES UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Xto Energy Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 58044 |
| Wellbores | 7 |
| Reported production | 1,807,501 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $26.3M |
Where NOBLES 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.