W A STATE
W A STATE is a Texas gas lease in Culberson County, Railroad Commission district 08, operated by Capitan Energy, Incorporated. It has 1 wellbore on file with the Commission. Reported production runs from March 2019 to August 2026, totalling 5,549,742 thousand cubic feet. 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 $11.2M, with roughly $2.2M 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 29,768 thousand cubic feet a month. Its strongest month on the record we hold was August 2019, at 154,321 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 W A STATE
- Who operates W A STATE?
- W A STATE is operated by Capitan Energy, Incorporated, Railroad Commission of Texas operator number 130061.
- Where is W A STATE?
- W A STATE is a Texas gas lease in Culberson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 288603.
- Is W A STATE still producing?
- W A STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for W A STATE is August 2026.
- How much has W A STATE produced?
- W A STATE has reported 5,549,742 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2019 and August 2026, from 1 wellbore.
- How much is W A STATE worth?
- The remaining production from W A STATE is estimated to be worth about $11.2M in total as of 27 August 2026, within a range of $9.2M to $13.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in W A STATE is a fraction of it. The estimate fits an Arps decline curve to the production W A STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for W A STATE is an estimate of value, not an offer and not an appraisal.
- How much income does W A STATE generate in a year?
- W A STATE is forecast to net about $2.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in W A STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Capitan Energy, Incorporated |
|---|---|
| Field | Ford, West (Wolfcamp) |
| County | Culberson County, Texas |
| RRC district | 08 |
| Lease number | 288603 |
| Wellbores | 1 |
| Reported production | 5,549,742 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.2M |
Where W A STATE 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.