KEYHOLE 43
KEYHOLE 43 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Arris Operating Company LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2016 to August 2026, totalling 505,917 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 $2.6M, with roughly $732K 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 1,075 barrels a month. Its strongest month on the record we hold was August 2016, at 32,623 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 KEYHOLE 43
- Who operates KEYHOLE 43?
- KEYHOLE 43 is operated by Arris Operating Company LLC, Railroad Commission of Texas operator number 033176.
- Where is KEYHOLE 43?
- KEYHOLE 43 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48650.
- Is KEYHOLE 43 still producing?
- KEYHOLE 43 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KEYHOLE 43 is August 2026.
- How much has KEYHOLE 43 produced?
- KEYHOLE 43 has reported 505,917 barrels of oil (bbl) to the Railroad Commission of Texas between June 2016 and August 2026, from 1 wellbore.
- How much is KEYHOLE 43 worth?
- The remaining production from KEYHOLE 43 is estimated to be worth about $2.6M in total as of 27 August 2026, within a range of $2.1M to $3.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KEYHOLE 43 is a fraction of it. The estimate fits an Arps decline curve to the production KEYHOLE 43 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KEYHOLE 43 is an estimate of value, not an offer and not an appraisal.
- How much income does KEYHOLE 43 generate in a year?
- KEYHOLE 43 is forecast to net about $732K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KEYHOLE 43 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Arris Operating Company LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 48650 |
| Wellbores | 1 |
| Reported production | 505,917 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where KEYHOLE 43 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.