STATE OF TEXAS -CQ-
STATE OF TEXAS -CQ- is a Texas oil lease in Crockett County, Railroad Commission district 7C, operated by Lomak Production Company. It has 8 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 140,149 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 $544K, with roughly $95K 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 88 barrels a month, about 11 per wellbore. Its strongest month on the record we hold was June 2016, at 306 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 OF TEXAS -CQ-
- Who operates STATE OF TEXAS -CQ-?
- STATE OF TEXAS -CQ- is operated by Lomak Production Company, Railroad Commission of Texas operator number 506155.
- Where is STATE OF TEXAS -CQ-?
- STATE OF TEXAS -CQ- is a Texas oil lease in Crockett County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 03053.
- Is STATE OF TEXAS -CQ- still producing?
- STATE OF TEXAS -CQ- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE OF TEXAS -CQ- is August 2026.
- How much has STATE OF TEXAS -CQ- produced?
- STATE OF TEXAS -CQ- has reported 140,149 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 8 wellbores.
- How much is STATE OF TEXAS -CQ- worth?
- The remaining production from STATE OF TEXAS -CQ- is estimated to be worth about $544K in total as of 26 August 2026, within a range of $299K to $789K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE OF TEXAS -CQ- is a fraction of it. The estimate fits an Arps decline curve to the production STATE OF TEXAS -CQ- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE OF TEXAS -CQ- is an estimate of value, not an offer and not an appraisal.
- How much income does STATE OF TEXAS -CQ- generate in a year?
- STATE OF TEXAS -CQ- is forecast to net about $95K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE OF TEXAS -CQ- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lomak Production Company |
|---|---|
| Field | Weger, North |
| County | Crockett County, Texas |
| RRC district | 7C |
| Lease number | 03053 |
| Wellbores | 8 |
| Reported production | 140,149 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $544K |
Where STATE OF TEXAS -CQ- 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.