STATELAND OIL COMPANY
STATELAND OIL COMPANY is a Texas oil lease in Harris County, Railroad Commission district 03, operated by Pennzoil Petroleum Company. It has 11 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 940,695 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 $3.3M, with roughly $756K 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 1,143 barrels a month, about 104 per wellbore. Its strongest month on the record we hold was March 2025, at 1,932 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 STATELAND OIL COMPANY
- Who operates STATELAND OIL COMPANY?
- STATELAND OIL COMPANY is operated by Pennzoil Petroleum Company, Railroad Commission of Texas operator number 652365.
- Where is STATELAND OIL COMPANY?
- STATELAND OIL COMPANY is a Texas oil lease in Harris County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 01777.
- Is STATELAND OIL COMPANY still producing?
- STATELAND OIL COMPANY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATELAND OIL COMPANY is August 2026.
- How much has STATELAND OIL COMPANY produced?
- STATELAND OIL COMPANY has reported 940,695 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 11 wellbores.
- How much is STATELAND OIL COMPANY worth?
- The remaining production from STATELAND OIL COMPANY is estimated to be worth about $3.3M in total as of 27 August 2026, within a range of $2.8M to $3.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATELAND OIL COMPANY is a fraction of it. The estimate fits an Arps decline curve to the production STATELAND OIL COMPANY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATELAND OIL COMPANY is an estimate of value, not an offer and not an appraisal.
- How much income does STATELAND OIL COMPANY generate in a year?
- STATELAND OIL COMPANY is forecast to net about $756K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATELAND OIL COMPANY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Petroleum Company |
|---|---|
| Field | Goose Creek |
| County | Harris County, Texas |
| RRC district | 03 |
| Lease number | 01777 |
| Wellbores | 11 |
| Reported production | 940,695 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.3M |
Where STATELAND OIL COMPANY 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.