BALMORHEA STATE I
BALMORHEA STATE I is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Centennial Resource Prod, LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2018 to August 2026, totalling 297,876 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 $1.4M, with roughly $226K 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 286 barrels a month. Its strongest month on the record we hold was June 2018, at 36,341 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 BALMORHEA STATE I
- Who operates BALMORHEA STATE I?
- BALMORHEA STATE I is operated by Centennial Resource Prod, LLC, Railroad Commission of Texas operator number 141077.
- Where is BALMORHEA STATE I?
- BALMORHEA STATE I is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50601.
- Is BALMORHEA STATE I still producing?
- BALMORHEA STATE I is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BALMORHEA STATE I is August 2026.
- How much has BALMORHEA STATE I produced?
- BALMORHEA STATE I has reported 297,876 barrels of oil (bbl) to the Railroad Commission of Texas between May 2018 and August 2026, from 1 wellbore.
- How much is BALMORHEA STATE I worth?
- The remaining production from BALMORHEA STATE I is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $1.1M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BALMORHEA STATE I is a fraction of it. The estimate fits an Arps decline curve to the production BALMORHEA STATE I 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 I is an estimate of value, not an offer and not an appraisal.
- How much income does BALMORHEA STATE I generate in a year?
- BALMORHEA STATE I is forecast to net about $226K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BALMORHEA STATE I receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Centennial Resource Prod, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 50601 |
| Wellbores | 1 |
| Reported production | 297,876 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where BALMORHEA STATE I 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.