MCCULLOUGH 35-38-3S STATE
MCCULLOUGH 35-38-3S STATE is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Oxy USA WTP LP. It has 1 wellbore on file with the Commission. Reported production runs from June 2019 to August 2026, totalling 434,733 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 $665K, with roughly $423K 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 1,032 barrels a month. Its strongest month on the record we hold was July 2019, at 38,837 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 MCCULLOUGH 35-38-3S STATE
- Who operates MCCULLOUGH 35-38-3S STATE?
- MCCULLOUGH 35-38-3S STATE is operated by Oxy USA WTP LP, Railroad Commission of Texas operator number 630555.
- Where is MCCULLOUGH 35-38-3S STATE?
- MCCULLOUGH 35-38-3S STATE is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 52317.
- Is MCCULLOUGH 35-38-3S STATE still producing?
- MCCULLOUGH 35-38-3S STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCCULLOUGH 35-38-3S STATE is August 2026.
- How much has MCCULLOUGH 35-38-3S STATE produced?
- MCCULLOUGH 35-38-3S STATE has reported 434,733 barrels of oil (bbl) to the Railroad Commission of Texas between June 2019 and August 2026, from 1 wellbore.
- How much is MCCULLOUGH 35-38-3S STATE worth?
- The remaining production from MCCULLOUGH 35-38-3S STATE is estimated to be worth about $665K in total as of 27 August 2026, within a range of $552K to $777K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCCULLOUGH 35-38-3S STATE is a fraction of it. The estimate fits an Arps decline curve to the production MCCULLOUGH 35-38-3S STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCCULLOUGH 35-38-3S STATE is an estimate of value, not an offer and not an appraisal.
- How much income does MCCULLOUGH 35-38-3S STATE generate in a year?
- MCCULLOUGH 35-38-3S STATE is forecast to net about $423K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCCULLOUGH 35-38-3S STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA WTP LP |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 52317 |
| Wellbores | 1 |
| Reported production | 434,733 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $665K |
Where MCCULLOUGH 35-38-3S STATE 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.