BALMORHEA STATE 32-15 B
BALMORHEA STATE 32-15 B is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Noble Energy Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 2020 to August 2026, totalling 842,097 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 $5.3M, with roughly $2.1M 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 3,512 barrels a month, about 1,756 per wellbore. Its strongest month on the record we hold was February 2020, at 52,294 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 BALMORHEA STATE 32-15 B
- Who operates BALMORHEA STATE 32-15 B?
- BALMORHEA STATE 32-15 B is operated by Noble Energy Inc, Railroad Commission of Texas operator number 611665.
- Where is BALMORHEA STATE 32-15 B?
- BALMORHEA STATE 32-15 B is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54503.
- Is BALMORHEA STATE 32-15 B still producing?
- BALMORHEA STATE 32-15 B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BALMORHEA STATE 32-15 B is August 2026.
- How much has BALMORHEA STATE 32-15 B produced?
- BALMORHEA STATE 32-15 B has reported 842,097 barrels of oil (bbl) to the Railroad Commission of Texas between January 2020 and August 2026, from 2 wellbores.
- How much is BALMORHEA STATE 32-15 B worth?
- The remaining production from BALMORHEA STATE 32-15 B is estimated to be worth about $5.3M in total as of 27 August 2026, within a range of $4.4M to $6.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BALMORHEA STATE 32-15 B is a fraction of it. The estimate fits an Arps decline curve to the production BALMORHEA STATE 32-15 B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BALMORHEA STATE 32-15 B is an estimate of value, not an offer and not an appraisal.
- How much income does BALMORHEA STATE 32-15 B generate in a year?
- BALMORHEA STATE 32-15 B is forecast to net about $2.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BALMORHEA STATE 32-15 B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Noble Energy Inc |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 54503 |
| Wellbores | 2 |
| Reported production | 842,097 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.3M |
Where BALMORHEA STATE 32-15 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.