RAGAN SMITH STATE 36-37 UNIT B
RAGAN SMITH STATE 36-37 UNIT B is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Noble Energy Inc. It has 2 wellbores on file with the Commission. Reported production runs from December 2018 to August 2026, totalling 838,432 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 $5.1M, with roughly $1.8M 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 2,506 barrels a month, about 1,253 per wellbore. Its strongest month on the record we hold was February 2019, at 70,361 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 RAGAN SMITH STATE 36-37 UNIT B
- Who operates RAGAN SMITH STATE 36-37 UNIT B?
- RAGAN SMITH STATE 36-37 UNIT B is operated by Noble Energy Inc, Railroad Commission of Texas operator number 611665.
- Where is RAGAN SMITH STATE 36-37 UNIT B?
- RAGAN SMITH STATE 36-37 UNIT B is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51684.
- Is RAGAN SMITH STATE 36-37 UNIT B still producing?
- RAGAN SMITH STATE 36-37 UNIT B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAGAN SMITH STATE 36-37 UNIT B is August 2026.
- How much has RAGAN SMITH STATE 36-37 UNIT B produced?
- RAGAN SMITH STATE 36-37 UNIT B has reported 838,432 barrels of oil (bbl) to the Railroad Commission of Texas between December 2018 and August 2026, from 2 wellbores.
- How much is RAGAN SMITH STATE 36-37 UNIT B worth?
- The remaining production from RAGAN SMITH STATE 36-37 UNIT B is estimated to be worth about $5.1M in total as of 27 August 2026, within a range of $4.2M to $6.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAGAN SMITH STATE 36-37 UNIT B is a fraction of it. The estimate fits an Arps decline curve to the production RAGAN SMITH STATE 36-37 UNIT B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAGAN SMITH STATE 36-37 UNIT B is an estimate of value, not an offer and not an appraisal.
- How much income does RAGAN SMITH STATE 36-37 UNIT B generate in a year?
- RAGAN SMITH STATE 36-37 UNIT B is forecast to net about $1.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RAGAN SMITH STATE 36-37 UNIT B 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 | 51684 |
| Wellbores | 2 |
| Reported production | 838,432 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.1M |
Where RAGAN SMITH STATE 36-37 UNIT B 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.