REEVES
REEVES is a Texas oil lease in Young County, Railroad Commission district 09, operated by Lankford, Dan L. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 8,788 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 $222K, with roughly $43K 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 56 barrels a month, about 19 per wellbore. Its strongest month on the record we hold was October 2021, at 150 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 REEVES
- Who operates REEVES?
- REEVES is operated by Lankford, Dan L., Railroad Commission of Texas operator number 485355.
- Where is REEVES?
- REEVES is a Texas oil lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 11553.
- Is REEVES still producing?
- REEVES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REEVES is August 2026.
- How much has REEVES produced?
- REEVES has reported 8,788 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is REEVES worth?
- The remaining production from REEVES is estimated to be worth about $222K in total as of 26 August 2026, within a range of $122K to $322K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REEVES is a fraction of it. The estimate fits an Arps decline curve to the production REEVES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REEVES is an estimate of value, not an offer and not an appraisal.
- How much income does REEVES generate in a year?
- REEVES is forecast to net about $43K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in REEVES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lankford, Dan L. |
|---|---|
| Field | Young County Regular |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 11553 |
| Wellbores | 3 |
| Reported production | 8,788 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $222K |
Where REEVES 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.