BIG STATE RANCH "10"
BIG STATE RANCH "10" is a Texas oil lease in Crockett County, Railroad Commission district 7C, operated by 3-M Energy Corporation. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 33,328 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 $248K, with roughly $48K 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 52 barrels a month, about 26 per wellbore. Its strongest month on the record we hold was October 2021, at 123 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 BIG STATE RANCH "10"
- Who operates BIG STATE RANCH "10"?
- BIG STATE RANCH "10" is operated by 3-M Energy Corporation, Railroad Commission of Texas operator number 953706.
- Where is BIG STATE RANCH "10"?
- BIG STATE RANCH "10" is a Texas oil lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 11388.
- Is BIG STATE RANCH "10" still producing?
- BIG STATE RANCH "10" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BIG STATE RANCH "10" is August 2026.
- How much has BIG STATE RANCH "10" produced?
- BIG STATE RANCH "10" has reported 33,328 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is BIG STATE RANCH "10" worth?
- The remaining production from BIG STATE RANCH "10" is estimated to be worth about $248K in total as of 26 August 2026, within a range of $136K to $359K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BIG STATE RANCH "10" is a fraction of it. The estimate fits an Arps decline curve to the production BIG STATE RANCH "10" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BIG STATE RANCH "10" is an estimate of value, not an offer and not an appraisal.
- How much income does BIG STATE RANCH "10" generate in a year?
- BIG STATE RANCH "10" is forecast to net about $48K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BIG STATE RANCH "10" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | 3-M Energy Corporation |
|---|---|
| Field | Shannon (San Andres) |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 11388 |
| Wellbores | 2 |
| Reported production | 33,328 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $248K |
Where BIG STATE RANCH "10" 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.