STATE TRACT 216
STATE TRACT 216 is a Texas oil lease in Calhoun County, Railroad Commission district 02, operated by Petro-Guard Company, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 189,825 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 $1.0M, with roughly $193K 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 245 barrels a month, about 122 per wellbore. Its strongest month on the record we hold was December 2018, at 666 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 216
- Who operates STATE TRACT 216?
- STATE TRACT 216 is operated by Petro-Guard Company, Inc., Railroad Commission of Texas operator number 660053.
- Where is STATE TRACT 216?
- STATE TRACT 216 is a Texas oil lease in Calhoun County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 07049.
- Is STATE TRACT 216 still producing?
- STATE TRACT 216 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE TRACT 216 is August 2026.
- How much has STATE TRACT 216 produced?
- STATE TRACT 216 has reported 189,825 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is STATE TRACT 216 worth?
- The remaining production from STATE TRACT 216 is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $801K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE TRACT 216 is a fraction of it. The estimate fits an Arps decline curve to the production STATE TRACT 216 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 216 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE TRACT 216 generate in a year?
- STATE TRACT 216 is forecast to net about $193K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE TRACT 216 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Petro-Guard Company, Inc. |
|---|---|
| Field | Grass Island (4870) |
| County | Calhoun County, Texas |
| RRC district | 02 |
| Lease number | 07049 |
| Wellbores | 2 |
| Reported production | 189,825 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where STATE TRACT 216 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.