OPPENHEIMER 188
OPPENHEIMER 188 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 6 wellbores on file with the Commission. Reported production runs from September 2015 to August 2026, totalling 1,248,092 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 $7.0M, with roughly $1.7M 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 2,315 barrels a month, about 386 per wellbore. Its strongest month on the record we hold was March 2018, at 33,740 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 OPPENHEIMER 188
- Who operates OPPENHEIMER 188?
- OPPENHEIMER 188 is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is OPPENHEIMER 188?
- OPPENHEIMER 188 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46967.
- Is OPPENHEIMER 188 still producing?
- OPPENHEIMER 188 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OPPENHEIMER 188 is August 2026.
- How much has OPPENHEIMER 188 produced?
- OPPENHEIMER 188 has reported 1,248,092 barrels of oil (bbl) to the Railroad Commission of Texas between September 2015 and August 2026, from 6 wellbores.
- How much is OPPENHEIMER 188 worth?
- The remaining production from OPPENHEIMER 188 is estimated to be worth about $7.0M in total as of 27 August 2026, within a range of $5.8M to $8.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OPPENHEIMER 188 is a fraction of it. The estimate fits an Arps decline curve to the production OPPENHEIMER 188 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OPPENHEIMER 188 is an estimate of value, not an offer and not an appraisal.
- How much income does OPPENHEIMER 188 generate in a year?
- OPPENHEIMER 188 is forecast to net about $1.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in OPPENHEIMER 188 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thompson, J. Cleo |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 46967 |
| Wellbores | 6 |
| Reported production | 1,248,092 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.0M |
Where OPPENHEIMER 188 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.