NOBLES VERTICAL
NOBLES VERTICAL is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Xto Energy Inc. It has 6 wellbores on file with the Commission. Reported production runs from December 2022 to August 2026, totalling 17,028 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 $413K, with roughly $70K 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 50 barrels a month, about 8 per wellbore. Its strongest month on the record we hold was April 2023, at 1,918 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 NOBLES VERTICAL
- Who operates NOBLES VERTICAL?
- NOBLES VERTICAL is operated by Xto Energy Inc., Railroad Commission of Texas operator number 945936.
- Where is NOBLES VERTICAL?
- NOBLES VERTICAL is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58331.
- Is NOBLES VERTICAL still producing?
- NOBLES VERTICAL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NOBLES VERTICAL is August 2026.
- How much has NOBLES VERTICAL produced?
- NOBLES VERTICAL has reported 17,028 barrels of oil (bbl) to the Railroad Commission of Texas between December 2022 and August 2026, from 6 wellbores.
- How much is NOBLES VERTICAL worth?
- The remaining production from NOBLES VERTICAL is estimated to be worth about $413K in total as of 26 August 2026, within a range of $227K to $599K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NOBLES VERTICAL is a fraction of it. The estimate fits an Arps decline curve to the production NOBLES VERTICAL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NOBLES VERTICAL is an estimate of value, not an offer and not an appraisal.
- How much income does NOBLES VERTICAL generate in a year?
- NOBLES VERTICAL is forecast to net about $70K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NOBLES VERTICAL 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 | 58331 |
| Wellbores | 6 |
| Reported production | 17,028 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $413K |
Where NOBLES VERTICAL 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.