VANGUARD 3
VANGUARD 3 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 12 wellbores on file with the Commission. Reported production runs from November 2012 to August 2026, totalling 2,435,229 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 $22.8M, with roughly $5.0M 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 6,923 barrels a month, about 577 per wellbore. Its strongest month on the record we hold was November 2018, at 79,173 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 VANGUARD 3
- Who operates VANGUARD 3?
- VANGUARD 3 is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is VANGUARD 3?
- VANGUARD 3 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 43219.
- Is VANGUARD 3 still producing?
- VANGUARD 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VANGUARD 3 is August 2026.
- How much has VANGUARD 3 produced?
- VANGUARD 3 has reported 2,435,229 barrels of oil (bbl) to the Railroad Commission of Texas between November 2012 and August 2026, from 12 wellbores.
- How much is VANGUARD 3 worth?
- The remaining production from VANGUARD 3 is estimated to be worth about $22.8M in total as of 26 August 2026, within a range of $18.9M to $26.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VANGUARD 3 is a fraction of it. The estimate fits an Arps decline curve to the production VANGUARD 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VANGUARD 3 is an estimate of value, not an offer and not an appraisal.
- How much income does VANGUARD 3 generate in a year?
- VANGUARD 3 is forecast to net about $5.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VANGUARD 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thompson, J. Cleo |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 43219 |
| Wellbores | 12 |
| Reported production | 2,435,229 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $22.8M |
Where VANGUARD 3 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.