RUST 24
RUST 24 is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by Boyd & Mcwilliams Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from August 2019 to August 2026, totalling 427,419 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 $10.7M, with roughly $2.7M 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 3,576 barrels a month, about 1,788 per wellbore. Its strongest month on the record we hold was February 2022, at 12,418 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 RUST 24
- Who operates RUST 24?
- RUST 24 is operated by Boyd & Mcwilliams Operating, LLC, Railroad Commission of Texas operator number 084751.
- Where is RUST 24?
- RUST 24 is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54505.
- Is RUST 24 still producing?
- RUST 24 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RUST 24 is August 2026.
- How much has RUST 24 produced?
- RUST 24 has reported 427,419 barrels of oil (bbl) to the Railroad Commission of Texas between August 2019 and August 2026, from 2 wellbores.
- How much is RUST 24 worth?
- The remaining production from RUST 24 is estimated to be worth about $10.7M in total as of 26 August 2026, within a range of $8.9M to $12.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RUST 24 is a fraction of it. The estimate fits an Arps decline curve to the production RUST 24 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RUST 24 is an estimate of value, not an offer and not an appraisal.
- How much income does RUST 24 generate in a year?
- RUST 24 is forecast to net about $2.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RUST 24 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Boyd & Mcwilliams Operating, LLC |
|---|---|
| Field | Keystone (Wolfcamp) |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 54505 |
| Wellbores | 2 |
| Reported production | 427,419 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.7M |
Where RUST 24 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.