TRUK 23-14 UNIT
TRUK 23-14 UNIT is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Colgate Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from July 2019 to August 2026, totalling 941,297 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 $11.4M, with roughly $2.4M 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 2,984 barrels a month, about 1,492 per wellbore. Its strongest month on the record we hold was August 2019, at 68,909 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 TRUK 23-14 UNIT
- Who operates TRUK 23-14 UNIT?
- TRUK 23-14 UNIT is operated by Colgate Operating, LLC, Railroad Commission of Texas operator number 167327.
- Where is TRUK 23-14 UNIT?
- TRUK 23-14 UNIT is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54388.
- Is TRUK 23-14 UNIT still producing?
- TRUK 23-14 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TRUK 23-14 UNIT is August 2026.
- How much has TRUK 23-14 UNIT produced?
- TRUK 23-14 UNIT has reported 941,297 barrels of oil (bbl) to the Railroad Commission of Texas between July 2019 and August 2026, from 2 wellbores.
- How much is TRUK 23-14 UNIT worth?
- The remaining production from TRUK 23-14 UNIT is estimated to be worth about $11.4M in total as of 27 August 2026, within a range of $9.5M to $13.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TRUK 23-14 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production TRUK 23-14 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TRUK 23-14 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does TRUK 23-14 UNIT generate in a year?
- TRUK 23-14 UNIT is forecast to net about $2.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TRUK 23-14 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Colgate Operating, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 54388 |
| Wellbores | 2 |
| Reported production | 941,297 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.4M |
Where TRUK 23-14 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.