STATE OF TEXAS -Q-
STATE OF TEXAS -Q- is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Fina Oil & Chemical Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 33,760 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 $136K, with roughly $24K 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 30 barrels a month. Its strongest month on the record we hold was May 2016, at 110 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 STATE OF TEXAS -Q-
- Who operates STATE OF TEXAS -Q-?
- STATE OF TEXAS -Q- is operated by Fina Oil & Chemical Company, Railroad Commission of Texas operator number 268321.
- Where is STATE OF TEXAS -Q-?
- STATE OF TEXAS -Q- is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 32735.
- Is STATE OF TEXAS -Q- still producing?
- STATE OF TEXAS -Q- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE OF TEXAS -Q- is August 2026.
- How much has STATE OF TEXAS -Q- produced?
- STATE OF TEXAS -Q- has reported 33,760 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is STATE OF TEXAS -Q- worth?
- The remaining production from STATE OF TEXAS -Q- is estimated to be worth about $136K in total as of 27 August 2026, within a range of $75K to $197K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE OF TEXAS -Q- is a fraction of it. The estimate fits an Arps decline curve to the production STATE OF TEXAS -Q- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE OF TEXAS -Q- is an estimate of value, not an offer and not an appraisal.
- How much income does STATE OF TEXAS -Q- generate in a year?
- STATE OF TEXAS -Q- is forecast to net about $24K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE OF TEXAS -Q- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fina Oil & Chemical Company |
|---|---|
| Field | Block 12 (Devonian) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 32735 |
| Wellbores | 1 |
| Reported production | 33,760 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $136K |
Where STATE OF TEXAS -Q- 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.