STATE-JUDGE 48-3 WS XII
STATE-JUDGE 48-3 WS XII is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Headington Energy Partners, LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2020 to August 2026, totalling 737,141 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 $20.9M, with roughly $4.5M 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 5,990 barrels a month. Its strongest month on the record we hold was March 2021, at 21,627 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-JUDGE 48-3 WS XII
- Who operates STATE-JUDGE 48-3 WS XII?
- STATE-JUDGE 48-3 WS XII is operated by Headington Energy Partners, LLC, Railroad Commission of Texas operator number 370061.
- Where is STATE-JUDGE 48-3 WS XII?
- STATE-JUDGE 48-3 WS XII is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53744.
- Is STATE-JUDGE 48-3 WS XII still producing?
- STATE-JUDGE 48-3 WS XII is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE-JUDGE 48-3 WS XII is August 2026.
- How much has STATE-JUDGE 48-3 WS XII produced?
- STATE-JUDGE 48-3 WS XII has reported 737,141 barrels of oil (bbl) to the Railroad Commission of Texas between January 2020 and August 2026, from 1 wellbore.
- How much is STATE-JUDGE 48-3 WS XII worth?
- The remaining production from STATE-JUDGE 48-3 WS XII is estimated to be worth about $20.9M in total as of 26 August 2026, within a range of $17.3M to $24.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE-JUDGE 48-3 WS XII is a fraction of it. The estimate fits an Arps decline curve to the production STATE-JUDGE 48-3 WS XII has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE-JUDGE 48-3 WS XII is an estimate of value, not an offer and not an appraisal.
- How much income does STATE-JUDGE 48-3 WS XII generate in a year?
- STATE-JUDGE 48-3 WS XII is forecast to net about $4.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE-JUDGE 48-3 WS XII receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Headington Energy Partners, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 53744 |
| Wellbores | 1 |
| Reported production | 737,141 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $20.9M |
Where STATE-JUDGE 48-3 WS XII 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.