LEMUR UNIT 24B
LEMUR UNIT 24B is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Patriot Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2015 to August 2026, totalling 304,740 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 $1.6M, with roughly $468K 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 735 barrels a month. Its strongest month on the record we hold was May 2016, at 4,924 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 LEMUR UNIT 24B
- Who operates LEMUR UNIT 24B?
- LEMUR UNIT 24B is operated by Patriot Resources, Inc., Railroad Commission of Texas operator number 643401.
- Where is LEMUR UNIT 24B?
- LEMUR UNIT 24B is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47030.
- Is LEMUR UNIT 24B still producing?
- LEMUR UNIT 24B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEMUR UNIT 24B is August 2026.
- How much has LEMUR UNIT 24B produced?
- LEMUR UNIT 24B has reported 304,740 barrels of oil (bbl) to the Railroad Commission of Texas between May 2015 and August 2026, from 1 wellbore.
- How much is LEMUR UNIT 24B worth?
- The remaining production from LEMUR UNIT 24B is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.2M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEMUR UNIT 24B is a fraction of it. The estimate fits an Arps decline curve to the production LEMUR UNIT 24B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEMUR UNIT 24B is an estimate of value, not an offer and not an appraisal.
- How much income does LEMUR UNIT 24B generate in a year?
- LEMUR UNIT 24B is forecast to net about $468K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEMUR UNIT 24B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patriot Resources, Inc. |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 47030 |
| Wellbores | 1 |
| Reported production | 304,740 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where LEMUR UNIT 24B 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.