STATE TRACT 118
STATE TRACT 118 is a Texas oil lease in Chambers County, Railroad Commission district 03, operated by Linc Gulf Coast Petroleum, Inc. It has 12 wellbores on file with the Commission. Reported production runs from October 2013 to August 2026, totalling 841,903 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 $1.9M, with roughly $652K 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 1,346 barrels a month, about 112 per wellbore. Its strongest month on the record we hold was April 2019, at 10,021 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 STATE TRACT 118
- Who operates STATE TRACT 118?
- STATE TRACT 118 is operated by Linc Gulf Coast Petroleum, Inc., Railroad Commission of Texas operator number 500796.
- Where is STATE TRACT 118?
- STATE TRACT 118 is a Texas oil lease in Chambers County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26312.
- Is STATE TRACT 118 still producing?
- STATE TRACT 118 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE TRACT 118 is August 2026.
- How much has STATE TRACT 118 produced?
- STATE TRACT 118 has reported 841,903 barrels of oil (bbl) to the Railroad Commission of Texas between October 2013 and August 2026, from 12 wellbores.
- How much is STATE TRACT 118 worth?
- The remaining production from STATE TRACT 118 is estimated to be worth about $1.9M in total as of 26 August 2026, within a range of $1.6M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE TRACT 118 is a fraction of it. The estimate fits an Arps decline curve to the production STATE TRACT 118 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 118 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE TRACT 118 generate in a year?
- STATE TRACT 118 is forecast to net about $652K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE TRACT 118 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Linc Gulf Coast Petroleum, Inc. |
|---|---|
| Field | Cedar Point (Upper Frio) |
| County | Chambers County, Texas |
| RRC district | 03 |
| Lease number | 26312 |
| Wellbores | 12 |
| Reported production | 841,903 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.9M |
Where STATE TRACT 118 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.