MONROE 28-39 UNIT C
MONROE 28-39 UNIT C is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Noble Energy Inc. It has 5 wellbores on file with the Commission. Reported production runs from January 2018 to August 2026, totalling 698,375 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 $20.3M, with roughly $4.4M 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 6,704 barrels a month, about 1,341 per wellbore. Its strongest month on the record we hold was March 2019, at 55,695 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 MONROE 28-39 UNIT C
- Who operates MONROE 28-39 UNIT C?
- MONROE 28-39 UNIT C is operated by Noble Energy Inc, Railroad Commission of Texas operator number 611665.
- Where is MONROE 28-39 UNIT C?
- MONROE 28-39 UNIT C is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49457.
- Is MONROE 28-39 UNIT C still producing?
- MONROE 28-39 UNIT C is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MONROE 28-39 UNIT C is August 2026.
- How much has MONROE 28-39 UNIT C produced?
- MONROE 28-39 UNIT C has reported 698,375 barrels of oil (bbl) to the Railroad Commission of Texas between January 2018 and August 2026, from 5 wellbores.
- How much is MONROE 28-39 UNIT C worth?
- The remaining production from MONROE 28-39 UNIT C is estimated to be worth about $20.3M in total as of 27 August 2026, within a range of $16.8M to $23.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MONROE 28-39 UNIT C is a fraction of it. The estimate fits an Arps decline curve to the production MONROE 28-39 UNIT C has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MONROE 28-39 UNIT C is an estimate of value, not an offer and not an appraisal.
- How much income does MONROE 28-39 UNIT C generate in a year?
- MONROE 28-39 UNIT C is forecast to net about $4.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MONROE 28-39 UNIT C receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Noble Energy Inc |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 49457 |
| Wellbores | 5 |
| Reported production | 698,375 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $20.3M |
Where MONROE 28-39 UNIT C 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.