AGATE B
AGATE B is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Vital Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2024 to August 2026, totalling 94,889 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 $4.1M, with roughly $1.5M 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 3,181 barrels a month. Its strongest month on the record we hold was November 2024, at 11,425 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 AGATE B
- Who operates AGATE B?
- AGATE B is operated by Vital Energy, Inc., Railroad Commission of Texas operator number 100951.
- Where is AGATE B?
- AGATE B is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61497.
- Is AGATE B still producing?
- AGATE B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for AGATE B is August 2026.
- How much has AGATE B produced?
- AGATE B has reported 94,889 barrels of oil (bbl) to the Railroad Commission of Texas between January 2024 and August 2026, from 1 wellbore.
- How much is AGATE B worth?
- The remaining production from AGATE B is estimated to be worth about $4.1M in total as of 27 August 2026, within a range of $3.4M to $4.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in AGATE B is a fraction of it. The estimate fits an Arps decline curve to the production AGATE B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for AGATE B is an estimate of value, not an offer and not an appraisal.
- How much income does AGATE B generate in a year?
- AGATE B is forecast to net about $1.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in AGATE B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Vital Energy, Inc. |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 61497 |
| Wellbores | 1 |
| Reported production | 94,889 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.1M |
Where AGATE B 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.