STATE -LB-
STATE -LB- is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Scout Energy Management LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2024 to August 2026, totalling 1,529 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 $154K, with roughly $27K 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 37 barrels a month. Its strongest month on the record we hold was December 2024, at 168 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 -LB-
- Who operates STATE -LB-?
- STATE -LB- is operated by Scout Energy Management LLC, Railroad Commission of Texas operator number 760218.
- Where is STATE -LB-?
- STATE -LB- is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 61721.
- Is STATE -LB- still producing?
- STATE -LB- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE -LB- is August 2026.
- How much has STATE -LB- produced?
- STATE -LB- has reported 1,529 barrels of oil (bbl) to the Railroad Commission of Texas between July 2024 and August 2026, from 1 wellbore.
- How much is STATE -LB- worth?
- The remaining production from STATE -LB- is estimated to be worth about $154K in total as of 26 August 2026, within a range of $85K to $223K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE -LB- is a fraction of it. The estimate fits an Arps decline curve to the production STATE -LB- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE -LB- is an estimate of value, not an offer and not an appraisal.
- How much income does STATE -LB- generate in a year?
- STATE -LB- is forecast to net about $27K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE -LB- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Scout Energy Management LLC |
|---|---|
| Field | Block 31 (Grayburg) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 61721 |
| Wellbores | 1 |
| Reported production | 1,529 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $154K |
Where STATE -LB- 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.