RHOADS
RHOADS is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Centennial Resource Prod, LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2014 to August 2026, totalling 195,761 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 $454K, with roughly $79K 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 92 barrels a month. Its strongest month on the record we hold was April 2017, at 2,180 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 RHOADS
- Who operates RHOADS?
- RHOADS is operated by Centennial Resource Prod, LLC, Railroad Commission of Texas operator number 141077.
- Where is RHOADS?
- RHOADS is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46939.
- Is RHOADS still producing?
- RHOADS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RHOADS is August 2026.
- How much has RHOADS produced?
- RHOADS has reported 195,761 barrels of oil (bbl) to the Railroad Commission of Texas between May 2014 and August 2026, from 1 wellbore.
- How much is RHOADS worth?
- The remaining production from RHOADS is estimated to be worth about $454K in total as of 26 August 2026, within a range of $249K to $658K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RHOADS is a fraction of it. The estimate fits an Arps decline curve to the production RHOADS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RHOADS is an estimate of value, not an offer and not an appraisal.
- How much income does RHOADS generate in a year?
- RHOADS is forecast to net about $79K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RHOADS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Centennial Resource Prod, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 46939 |
| Wellbores | 1 |
| Reported production | 195,761 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $454K |
Where RHOADS 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.