MERCEDES
MERCEDES 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 October 2018 to August 2026, totalling 221,978 barrels. The lease is intermittent. 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 $223K, with roughly $199K 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 944 barrels a month. Its strongest month on the record we hold was October 2018, at 26,251 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 MERCEDES
- Who operates MERCEDES?
- MERCEDES is operated by Centennial Resource Prod, LLC, Railroad Commission of Texas operator number 141077.
- Where is MERCEDES?
- MERCEDES is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51144.
- Is MERCEDES still producing?
- MERCEDES is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MERCEDES is August 2026.
- How much has MERCEDES produced?
- MERCEDES has reported 221,978 barrels of oil (bbl) to the Railroad Commission of Texas between October 2018 and August 2026, from 1 wellbore.
- How much is MERCEDES worth?
- The remaining production from MERCEDES is estimated to be worth about $223K in total as of 26 August 2026, within a range of $174K to $272K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MERCEDES is a fraction of it. The estimate fits an Arps decline curve to the production MERCEDES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MERCEDES is an estimate of value, not an offer and not an appraisal.
- How much income does MERCEDES generate in a year?
- MERCEDES is forecast to net about $199K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MERCEDES 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 | 51144 |
| Wellbores | 1 |
| Reported production | 221,978 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $223K |
Where MERCEDES 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.