STATE -KK-
STATE -KK- is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from November 2009 to August 2026, totalling 19,496 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 $404K, with roughly $77K 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 82 barrels a month. Its strongest month on the record we hold was January 2025, at 422 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 -KK-
- Who operates STATE -KK-?
- STATE -KK- is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is STATE -KK-?
- STATE -KK- is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40034.
- Is STATE -KK- still producing?
- STATE -KK- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE -KK- is August 2026.
- How much has STATE -KK- produced?
- STATE -KK- has reported 19,496 barrels of oil (bbl) to the Railroad Commission of Texas between November 2009 and August 2026, from 1 wellbore.
- How much is STATE -KK- worth?
- The remaining production from STATE -KK- is estimated to be worth about $404K in total as of 26 August 2026, within a range of $222K to $586K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE -KK- is a fraction of it. The estimate fits an Arps decline curve to the production STATE -KK- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE -KK- is an estimate of value, not an offer and not an appraisal.
- How much income does STATE -KK- generate in a year?
- STATE -KK- is forecast to net about $77K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE -KK- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | University Waddell (Penn.) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 40034 |
| Wellbores | 1 |
| Reported production | 19,496 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $404K |
Where STATE -KK- 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.