STATE TRACT 77
STATE TRACT 77 is a Texas oil lease in Calhoun County, Railroad Commission district 02, operated by Rincon Petroleum Corporation. It has 1 wellbore on file with the Commission. Reported production runs from October 2010 to August 2026, totalling 17,439 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 $129K, with roughly $25K 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 40 barrels a month. Its strongest month on the record we hold was May 2024, at 100 barrels. 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 77
- Who operates STATE TRACT 77?
- STATE TRACT 77 is operated by Rincon Petroleum Corporation, Railroad Commission of Texas operator number 712336.
- Where is STATE TRACT 77?
- STATE TRACT 77 is a Texas oil lease in Calhoun County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 09483.
- Is STATE TRACT 77 still producing?
- STATE TRACT 77 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE TRACT 77 is August 2026.
- How much has STATE TRACT 77 produced?
- STATE TRACT 77 has reported 17,439 barrels of oil (bbl) to the Railroad Commission of Texas between October 2010 and August 2026, from 1 wellbore.
- How much is STATE TRACT 77 worth?
- The remaining production from STATE TRACT 77 is estimated to be worth about $129K in total as of 27 August 2026, within a range of $71K to $188K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE TRACT 77 is a fraction of it. The estimate fits an Arps decline curve to the production STATE TRACT 77 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 77 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE TRACT 77 generate in a year?
- STATE TRACT 77 is forecast to net about $25K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE TRACT 77 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rincon Petroleum Corporation |
|---|---|
| Field | Maude B. Traylor (Freda) |
| County | Calhoun County, Texas |
| RRC district | 02 |
| Lease number | 09483 |
| Wellbores | 1 |
| Reported production | 17,439 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $129K |
Where STATE TRACT 77 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.