PANTHER 23
PANTHER 23 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 2 wellbores on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 137,750 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 $900K, with roughly $170K 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 248 barrels a month, about 124 per wellbore. Its strongest month on the record we hold was September 2016, at 1,072 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 PANTHER 23
- Who operates PANTHER 23?
- PANTHER 23 is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is PANTHER 23?
- PANTHER 23 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40472.
- Is PANTHER 23 still producing?
- PANTHER 23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PANTHER 23 is August 2026.
- How much has PANTHER 23 produced?
- PANTHER 23 has reported 137,750 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 2 wellbores.
- How much is PANTHER 23 worth?
- The remaining production from PANTHER 23 is estimated to be worth about $900K in total as of 27 August 2026, within a range of $702K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PANTHER 23 is a fraction of it. The estimate fits an Arps decline curve to the production PANTHER 23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PANTHER 23 is an estimate of value, not an offer and not an appraisal.
- How much income does PANTHER 23 generate in a year?
- PANTHER 23 is forecast to net about $170K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PANTHER 23 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 | 40472 |
| Wellbores | 2 |
| Reported production | 137,750 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $900K |
Where PANTHER 23 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.