STATE TRACT 1
STATE TRACT 1 is a Texas gas lease in Aransas County, Railroad Commission district 04, operated by Hilcorp Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from August 2017 to August 2026, totalling 146,522 thousand cubic feet. 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 $20K, with roughly $3K 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 30 thousand cubic feet a month. Its strongest month on the record we hold was October 2017, at 44,208 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 TRACT 1
- Who operates STATE TRACT 1?
- STATE TRACT 1 is operated by Hilcorp Energy Company, Railroad Commission of Texas operator number 386310.
- Where is STATE TRACT 1?
- STATE TRACT 1 is a Texas gas lease in Aransas County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 282659.
- Is STATE TRACT 1 still producing?
- STATE TRACT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE TRACT 1 is August 2026.
- How much has STATE TRACT 1 produced?
- STATE TRACT 1 has reported 146,522 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2017 and August 2026, from 1 wellbore.
- How much is STATE TRACT 1 worth?
- The remaining production from STATE TRACT 1 is estimated to be worth about $20K in total as of 27 August 2026, within a range of $11K to $29K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE TRACT 1 is a fraction of it. The estimate fits an Arps decline curve to the production STATE TRACT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE TRACT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE TRACT 1 generate in a year?
- STATE TRACT 1 is forecast to net about $3K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE TRACT 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hilcorp Energy Company |
|---|---|
| Field | ST. Charles (Frio Cons., Lower) |
| County | Aransas County, Texas |
| RRC district | 04 |
| Lease number | 282659 |
| Wellbores | 1 |
| Reported production | 146,522 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $20K |
Where STATE TRACT 1 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.