PEARL STATE UNIT
PEARL STATE UNIT is a Texas oil lease in Crockett County, Railroad Commission district 7C, operated by Stallion Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2022 to August 2026, totalling 7,559 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 $592K, with roughly $114K 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 155 barrels a month. Its strongest month on the record we hold was February 2023, at 455 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 PEARL STATE UNIT
- Who operates PEARL STATE UNIT?
- PEARL STATE UNIT is operated by Stallion Operating, LLC, Railroad Commission of Texas operator number 811988.
- Where is PEARL STATE UNIT?
- PEARL STATE UNIT is a Texas oil lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 22054.
- Is PEARL STATE UNIT still producing?
- PEARL STATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PEARL STATE UNIT is August 2026.
- How much has PEARL STATE UNIT produced?
- PEARL STATE UNIT has reported 7,559 barrels of oil (bbl) to the Railroad Commission of Texas between July 2022 and August 2026, from 1 wellbore.
- How much is PEARL STATE UNIT worth?
- The remaining production from PEARL STATE UNIT is estimated to be worth about $592K in total as of 27 August 2026, within a range of $462K to $722K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PEARL STATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PEARL STATE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PEARL STATE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PEARL STATE UNIT generate in a year?
- PEARL STATE UNIT is forecast to net about $114K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PEARL STATE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Stallion Operating, LLC |
|---|---|
| Field | Freedom (Upper Clear Fork) |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 22054 |
| Wellbores | 1 |
| Reported production | 7,559 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $592K |
Where PEARL STATE UNIT 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.