REV DEVILS TONGUE T8-51-18 UNIT
REV DEVILS TONGUE T8-51-18 UNIT is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Noble Energy Inc. It has 3 wellbores on file with the Commission. Reported production runs from October 2022 to August 2026, totalling 1,432,627 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 $52.5M, with roughly $14.5M 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 22,564 barrels a month, about 7,521 per wellbore. Its strongest month on the record we hold was May 2023, at 124,380 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 REV DEVILS TONGUE T8-51-18 UNIT
- Who operates REV DEVILS TONGUE T8-51-18 UNIT?
- REV DEVILS TONGUE T8-51-18 UNIT is operated by Noble Energy Inc, Railroad Commission of Texas operator number 611665.
- Where is REV DEVILS TONGUE T8-51-18 UNIT?
- REV DEVILS TONGUE T8-51-18 UNIT is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 58522.
- Is REV DEVILS TONGUE T8-51-18 UNIT still producing?
- REV DEVILS TONGUE T8-51-18 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REV DEVILS TONGUE T8-51-18 UNIT is August 2026.
- How much has REV DEVILS TONGUE T8-51-18 UNIT produced?
- REV DEVILS TONGUE T8-51-18 UNIT has reported 1,432,627 barrels of oil (bbl) to the Railroad Commission of Texas between October 2022 and August 2026, from 3 wellbores.
- How much is REV DEVILS TONGUE T8-51-18 UNIT worth?
- The remaining production from REV DEVILS TONGUE T8-51-18 UNIT is estimated to be worth about $52.5M in total as of 27 August 2026, within a range of $43.1M to $62.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REV DEVILS TONGUE T8-51-18 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production REV DEVILS TONGUE T8-51-18 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REV DEVILS TONGUE T8-51-18 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does REV DEVILS TONGUE T8-51-18 UNIT generate in a year?
- REV DEVILS TONGUE T8-51-18 UNIT is forecast to net about $14.5M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in REV DEVILS TONGUE T8-51-18 UNIT 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 | 58522 |
| Wellbores | 3 |
| Reported production | 1,432,627 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $52.5M |
Where REV DEVILS TONGUE T8-51-18 UNIT 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.