STATE OF TEXAS -CE-
STATE OF TEXAS -CE- is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Penroc Oil Corp. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 305,029 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 $43K, with roughly $10K expected over the next twelve months.
| Operator | Penroc Oil Corp. |
|---|---|
| Field | Magutex (Devonian) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 11628 |
| Wellbores | 2 |
| Reported production | 305,029 bbl |
| First reported | January 1993 |
| Last reported | August 2026 |
| Estimated royalty value | $43K |
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.