INTREPID STATE UNIT
INTREPID STATE UNIT is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Permian Resources Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from February 2024 to August 2026, totalling 507,877 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 $16.5M, with roughly $4.9M 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 8,830 barrels a month, about 4,415 per wellbore. Its strongest month on the record we hold was March 2024, at 53,003 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 INTREPID STATE UNIT
- Who operates INTREPID STATE UNIT?
- INTREPID STATE UNIT is operated by Permian Resources Operating, LLC, Railroad Commission of Texas operator number 100852.
- Where is INTREPID STATE UNIT?
- INTREPID STATE UNIT is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61668.
- Is INTREPID STATE UNIT still producing?
- INTREPID STATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for INTREPID STATE UNIT is August 2026.
- How much has INTREPID STATE UNIT produced?
- INTREPID STATE UNIT has reported 507,877 barrels of oil (bbl) to the Railroad Commission of Texas between February 2024 and August 2026, from 2 wellbores.
- How much is INTREPID STATE UNIT worth?
- The remaining production from INTREPID STATE UNIT is estimated to be worth about $16.5M in total as of 27 August 2026, within a range of $13.7M to $19.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in INTREPID STATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production INTREPID STATE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for INTREPID STATE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does INTREPID STATE UNIT generate in a year?
- INTREPID STATE UNIT is forecast to net about $4.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in INTREPID STATE UNIT 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 | 61668 |
| Wellbores | 2 |
| Reported production | 507,877 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $16.5M |
Where INTREPID STATE UNIT 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.