BLACK "B"
BLACK "B" is a Texas oil lease in Stephens County, Railroad Commission district 7B, operated by Delta Oil & Gas Ltd. It has 2 wellbores on file with the Commission. Reported production runs from July 2010 to August 2026, totalling 24,562 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 $189K, with roughly $33K 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 31 barrels a month, about 16 per wellbore. Its strongest month on the record we hold was May 2016, at 124 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 BLACK "B"
- Who operates BLACK "B"?
- BLACK "B" is operated by Delta Oil & Gas Ltd., Railroad Commission of Texas operator number 213703.
- Where is BLACK "B"?
- BLACK "B" is a Texas oil lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 30615.
- Is BLACK "B" still producing?
- BLACK "B" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BLACK "B" is August 2026.
- How much has BLACK "B" produced?
- BLACK "B" has reported 24,562 barrels of oil (bbl) to the Railroad Commission of Texas between July 2010 and August 2026, from 2 wellbores.
- How much is BLACK "B" worth?
- The remaining production from BLACK "B" is estimated to be worth about $189K in total as of 27 August 2026, within a range of $104K to $274K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BLACK "B" is a fraction of it. The estimate fits an Arps decline curve to the production BLACK "B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BLACK "B" is an estimate of value, not an offer and not an appraisal.
- How much income does BLACK "B" generate in a year?
- BLACK "B" is forecast to net about $33K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BLACK "B" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Delta Oil & Gas Ltd. |
|---|---|
| Field | Buffalo Hill (Congl.) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 30615 |
| Wellbores | 2 |
| Reported production | 24,562 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $189K |
Where BLACK "B" 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.