ALTAI 23
ALTAI 23 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 2 wellbores on file with the Commission. Reported production runs from July 2021 to August 2026, totalling 972,916 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 $9.4M, with roughly $3.0M 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 5,674 barrels a month, about 2,837 per wellbore. Its strongest month on the record we hold was December 2021, at 108,361 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 ALTAI 23
- Who operates ALTAI 23?
- ALTAI 23 is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is ALTAI 23?
- ALTAI 23 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56710.
- Is ALTAI 23 still producing?
- ALTAI 23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ALTAI 23 is August 2026.
- How much has ALTAI 23 produced?
- ALTAI 23 has reported 972,916 barrels of oil (bbl) to the Railroad Commission of Texas between July 2021 and August 2026, from 2 wellbores.
- How much is ALTAI 23 worth?
- The remaining production from ALTAI 23 is estimated to be worth about $9.4M in total as of 27 August 2026, within a range of $7.8M to $11.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ALTAI 23 is a fraction of it. The estimate fits an Arps decline curve to the production ALTAI 23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ALTAI 23 is an estimate of value, not an offer and not an appraisal.
- How much income does ALTAI 23 generate in a year?
- ALTAI 23 is forecast to net about $3.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ALTAI 23 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Diamondback E&P LLC |
|---|---|
| Field | Hoefs T-K (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 56710 |
| Wellbores | 2 |
| Reported production | 972,916 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.4M |
Where ALTAI 23 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.