STATE NEAL LETHCO 3405-142
STATE NEAL LETHCO 3405-142 is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Jagged Peak Energy LLC. It has 2 wellbores on file with the Commission. Reported production runs from June 2015 to August 2026, totalling 748,321 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 $11.9M, with roughly $2.6M 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 3,327 barrels a month, about 1,663 per wellbore. Its strongest month on the record we hold was June 2017, at 21,181 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 NEAL LETHCO 3405-142
- Who operates STATE NEAL LETHCO 3405-142?
- STATE NEAL LETHCO 3405-142 is operated by Jagged Peak Energy LLC, Railroad Commission of Texas operator number 429574.
- Where is STATE NEAL LETHCO 3405-142?
- STATE NEAL LETHCO 3405-142 is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47642.
- Is STATE NEAL LETHCO 3405-142 still producing?
- STATE NEAL LETHCO 3405-142 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE NEAL LETHCO 3405-142 is August 2026.
- How much has STATE NEAL LETHCO 3405-142 produced?
- STATE NEAL LETHCO 3405-142 has reported 748,321 barrels of oil (bbl) to the Railroad Commission of Texas between June 2015 and August 2026, from 2 wellbores.
- How much is STATE NEAL LETHCO 3405-142 worth?
- The remaining production from STATE NEAL LETHCO 3405-142 is estimated to be worth about $11.9M in total as of 26 August 2026, within a range of $9.9M to $13.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE NEAL LETHCO 3405-142 is a fraction of it. The estimate fits an Arps decline curve to the production STATE NEAL LETHCO 3405-142 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE NEAL LETHCO 3405-142 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE NEAL LETHCO 3405-142 generate in a year?
- STATE NEAL LETHCO 3405-142 is forecast to net about $2.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE NEAL LETHCO 3405-142 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jagged Peak Energy LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 47642 |
| Wellbores | 2 |
| Reported production | 748,321 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.9M |
Where STATE NEAL LETHCO 3405-142 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.