LANGLEY 2-36
LANGLEY 2-36 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Energen Resources Corporation. It has 2 wellbores on file with the Commission. Reported production runs from March 2014 to August 2026, totalling 623,140 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 $4.7M, with roughly $1.2M 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 1,784 barrels a month, about 892 per wellbore. Its strongest month on the record we hold was March 2018, at 21,049 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 LANGLEY 2-36
- Who operates LANGLEY 2-36?
- LANGLEY 2-36 is operated by Energen Resources Corporation, Railroad Commission of Texas operator number 252002.
- Where is LANGLEY 2-36?
- LANGLEY 2-36 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45223.
- Is LANGLEY 2-36 still producing?
- LANGLEY 2-36 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LANGLEY 2-36 is August 2026.
- How much has LANGLEY 2-36 produced?
- LANGLEY 2-36 has reported 623,140 barrels of oil (bbl) to the Railroad Commission of Texas between March 2014 and August 2026, from 2 wellbores.
- How much is LANGLEY 2-36 worth?
- The remaining production from LANGLEY 2-36 is estimated to be worth about $4.7M in total as of 27 August 2026, within a range of $3.9M to $5.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LANGLEY 2-36 is a fraction of it. The estimate fits an Arps decline curve to the production LANGLEY 2-36 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LANGLEY 2-36 is an estimate of value, not an offer and not an appraisal.
- How much income does LANGLEY 2-36 generate in a year?
- LANGLEY 2-36 is forecast to net about $1.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LANGLEY 2-36 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Energen Resources Corporation |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 45223 |
| Wellbores | 2 |
| Reported production | 623,140 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.7M |
Where LANGLEY 2-36 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.