NORTH CREEK B AL03
NORTH CREEK B AL03 is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Discovery Natural Resources LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2021 to August 2026, totalling 61,655 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 $1.5M, with roughly $556K 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 254 barrels a month. Its strongest month on the record we hold was May 2021, at 6,476 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 NORTH CREEK B AL03
- Who operates NORTH CREEK B AL03?
- NORTH CREEK B AL03 is operated by Discovery Natural Resources LLC, Railroad Commission of Texas operator number 220855.
- Where is NORTH CREEK B AL03?
- NORTH CREEK B AL03 is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 21273.
- Is NORTH CREEK B AL03 still producing?
- NORTH CREEK B AL03 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NORTH CREEK B AL03 is August 2026.
- How much has NORTH CREEK B AL03 produced?
- NORTH CREEK B AL03 has reported 61,655 barrels of oil (bbl) to the Railroad Commission of Texas between March 2021 and August 2026, from 1 wellbore.
- How much is NORTH CREEK B AL03 worth?
- The remaining production from NORTH CREEK B AL03 is estimated to be worth about $1.5M in total as of 27 August 2026, within a range of $1.2M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NORTH CREEK B AL03 is a fraction of it. The estimate fits an Arps decline curve to the production NORTH CREEK B AL03 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NORTH CREEK B AL03 is an estimate of value, not an offer and not an appraisal.
- How much income does NORTH CREEK B AL03 generate in a year?
- NORTH CREEK B AL03 is forecast to net about $556K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NORTH CREEK B AL03 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Discovery Natural Resources LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 21273 |
| Wellbores | 1 |
| Reported production | 61,655 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where NORTH CREEK B AL03 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.