REVES UNIT
REVES UNIT is a Texas oil lease in Shackelford County, Railroad Commission district 7B, operated by Paragon Corporation. It has 2 wellbores on file with the Commission. Reported production runs from July 2012 to August 2026, totalling 7,850 barrels. The lease is shut in. 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 $653, with roughly $126 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 0 barrels a month. Its strongest month on the record we hold was July 2017, at 148 barrels.
Key facts about REVES UNIT
- Who operates REVES UNIT?
- REVES UNIT is operated by Paragon Corporation, Railroad Commission of Texas operator number 639000.
- Where is REVES UNIT?
- REVES UNIT is a Texas oil lease in Shackelford County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31055.
- Is REVES UNIT still producing?
- REVES UNIT is shut in. The most recent month of production reported to the Railroad Commission of Texas for REVES UNIT is August 2026.
- How much has REVES UNIT produced?
- REVES UNIT has reported 7,850 barrels of oil (bbl) to the Railroad Commission of Texas between July 2012 and August 2026, from 2 wellbores.
- How much is REVES UNIT worth?
- The remaining production from REVES UNIT is estimated to be worth about $653 in total as of 27 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REVES UNIT is a fraction of it. The estimate fits an Arps decline curve to the production REVES UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REVES UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does REVES UNIT generate in a year?
- REVES UNIT is forecast to net about $126 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in REVES UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Paragon Corporation |
|---|---|
| Field | Shackelford County Regular |
| County | Shackelford County, Texas |
| RRC district | 7B |
| Lease number | 31055 |
| Wellbores | 2 |
| Reported production | 7,850 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $653 |
Where REVES 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.