STATE 18-19
STATE 18-19 is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Circle-S Energy, Llc. It has 4 wellbores on file with the Commission. Reported production runs from March 2026 to August 2026, totalling 245,134 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $8.6M, with roughly $1.6M expected over the next twelve months.
| Operator | Circle-S Energy, Llc |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 64934 |
| Wellbores | 4 |
| Reported production | 245,134 bbl |
| First reported | March 2026 |
| Last reported | August 2026 |
| Estimated royalty value | $8.6M |
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.