MAJESTIC STATE 12
MAJESTIC STATE 12 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 2 wellbores on file with the Commission. Reported production runs from May 2011 to August 2026, totalling 280,133 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 $538K, with roughly $97K 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 131 barrels a month, about 65 per wellbore. Its strongest month on the record we hold was December 2016, at 1,738 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 MAJESTIC STATE 12
- Who operates MAJESTIC STATE 12?
- MAJESTIC STATE 12 is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is MAJESTIC STATE 12?
- MAJESTIC STATE 12 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42439.
- Is MAJESTIC STATE 12 still producing?
- MAJESTIC STATE 12 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAJESTIC STATE 12 is August 2026.
- How much has MAJESTIC STATE 12 produced?
- MAJESTIC STATE 12 has reported 280,133 barrels of oil (bbl) to the Railroad Commission of Texas between May 2011 and August 2026, from 2 wellbores.
- How much is MAJESTIC STATE 12 worth?
- The remaining production from MAJESTIC STATE 12 is estimated to be worth about $538K in total as of 26 August 2026, within a range of $419K to $656K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAJESTIC STATE 12 is a fraction of it. The estimate fits an Arps decline curve to the production MAJESTIC STATE 12 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAJESTIC STATE 12 is an estimate of value, not an offer and not an appraisal.
- How much income does MAJESTIC STATE 12 generate in a year?
- MAJESTIC STATE 12 is forecast to net about $97K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MAJESTIC STATE 12 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thompson, J. Cleo |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 42439 |
| Wellbores | 2 |
| Reported production | 280,133 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $538K |
Where MAJESTIC STATE 12 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.