STATE TRACT 118
STATE TRACT 118 is a Texas oil lease in Galveston County, Railroad Commission district 03, operated by Houston Oil Prod Enterprises,Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2022 to August 2026, totalling 48,010 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $29K, with roughly $11K expected over the next twelve months.
| Operator | Houston Oil Prod Enterprises,Inc |
|---|---|
| Field | High Island |
| County | Galveston County, Texas |
| RRC district | 03 |
| Lease number | 28007 |
| Wellbores | 1 |
| Reported production | 48,010 bbl |
| First reported | September 2022 |
| Last reported | August 2026 |
| Estimated royalty value | $29K |
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.