RUBY NORTH UNIT 1-39
RUBY NORTH UNIT 1-39 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Cimarex Energy Co. It has 1 wellbore on file with the Commission. Reported production runs from August 2014 to August 2026, totalling 2,869,409 thousand cubic feet. 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 $3.0M, with roughly $856K 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 8,876 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 63,719 thousand cubic feet. 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 RUBY NORTH UNIT 1-39
- Who operates RUBY NORTH UNIT 1-39?
- RUBY NORTH UNIT 1-39 is operated by Cimarex Energy Co., Railroad Commission of Texas operator number 153438.
- Where is RUBY NORTH UNIT 1-39?
- RUBY NORTH UNIT 1-39 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 283316.
- Is RUBY NORTH UNIT 1-39 still producing?
- RUBY NORTH UNIT 1-39 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RUBY NORTH UNIT 1-39 is August 2026.
- How much has RUBY NORTH UNIT 1-39 produced?
- RUBY NORTH UNIT 1-39 has reported 2,869,409 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2014 and August 2026, from 1 wellbore.
- How much is RUBY NORTH UNIT 1-39 worth?
- The remaining production from RUBY NORTH UNIT 1-39 is estimated to be worth about $3.0M in total as of 26 August 2026, within a range of $2.5M to $3.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RUBY NORTH UNIT 1-39 is a fraction of it. The estimate fits an Arps decline curve to the production RUBY NORTH UNIT 1-39 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RUBY NORTH UNIT 1-39 is an estimate of value, not an offer and not an appraisal.
- How much income does RUBY NORTH UNIT 1-39 generate in a year?
- RUBY NORTH UNIT 1-39 is forecast to net about $856K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RUBY NORTH UNIT 1-39 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cimarex Energy Co. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 283316 |
| Wellbores | 1 |
| Reported production | 2,869,409 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.0M |
Where RUBY NORTH UNIT 1-39 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.