HORNET STATE E
HORNET STATE E is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Permian Resources Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2023 to August 2026, totalling 685,901 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 $10.7M, with roughly $5.5M 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 10,709 barrels a month. Its strongest month on the record we hold was September 2023, at 64,905 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 HORNET STATE E
- Who operates HORNET STATE E?
- HORNET STATE E is operated by Permian Resources Operating, LLC, Railroad Commission of Texas operator number 100852.
- Where is HORNET STATE E?
- HORNET STATE E is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60554.
- Is HORNET STATE E still producing?
- HORNET STATE E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HORNET STATE E is August 2026.
- How much has HORNET STATE E produced?
- HORNET STATE E has reported 685,901 barrels of oil (bbl) to the Railroad Commission of Texas between August 2023 and August 2026, from 1 wellbore.
- How much is HORNET STATE E worth?
- The remaining production from HORNET STATE E is estimated to be worth about $10.7M in total as of 26 August 2026, within a range of $8.8M to $12.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HORNET STATE E is a fraction of it. The estimate fits an Arps decline curve to the production HORNET STATE E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HORNET STATE E is an estimate of value, not an offer and not an appraisal.
- How much income does HORNET STATE E generate in a year?
- HORNET STATE E is forecast to net about $5.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HORNET STATE E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Permian Resources Operating, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 60554 |
| Wellbores | 1 |
| Reported production | 685,901 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.7M |
Where HORNET STATE E 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.