PRIEST -E-
PRIEST -E- is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Oxy USA Inc. It has 15 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 905,008 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 $7.1M, with roughly $1.5M 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 2,110 barrels a month, about 141 per wellbore. Its strongest month on the record we hold was May 2016, at 10,060 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 PRIEST -E-
- Who operates PRIEST -E-?
- PRIEST -E- is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is PRIEST -E-?
- PRIEST -E- is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 27230.
- Is PRIEST -E- still producing?
- PRIEST -E- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRIEST -E- is August 2026.
- How much has PRIEST -E- produced?
- PRIEST -E- has reported 905,008 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 15 wellbores.
- How much is PRIEST -E- worth?
- The remaining production from PRIEST -E- is estimated to be worth about $7.1M in total as of 26 August 2026, within a range of $5.9M to $8.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRIEST -E- is a fraction of it. The estimate fits an Arps decline curve to the production PRIEST -E- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRIEST -E- is an estimate of value, not an offer and not an appraisal.
- How much income does PRIEST -E- generate in a year?
- PRIEST -E- is forecast to net about $1.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRIEST -E- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA Inc. |
|---|---|
| Field | Collie (Delaware) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 27230 |
| Wellbores | 15 |
| Reported production | 905,008 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.1M |
Where PRIEST -E- 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.