1ST STATE BANK
1ST STATE BANK is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Arrowhead Productions, LP. It has 1 wellbore on file with the Commission. Reported production runs from June 2012 to August 2026, totalling 3,867 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 $53K, with roughly $8K 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 9 barrels a month. Its strongest month on the record we hold was May 2025, at 69 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 1ST STATE BANK
- Who operates 1ST STATE BANK?
- 1ST STATE BANK is operated by Arrowhead Productions, LP, Railroad Commission of Texas operator number 033523.
- Where is 1ST STATE BANK?
- 1ST STATE BANK is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 32367.
- Is 1ST STATE BANK still producing?
- 1ST STATE BANK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for 1ST STATE BANK is August 2026.
- How much has 1ST STATE BANK produced?
- 1ST STATE BANK has reported 3,867 barrels of oil (bbl) to the Railroad Commission of Texas between June 2012 and August 2026, from 1 wellbore.
- How much is 1ST STATE BANK worth?
- The remaining production from 1ST STATE BANK is estimated to be worth about $53K in total as of 26 August 2026, within a range of $0 to $106K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in 1ST STATE BANK is a fraction of it. The estimate fits an Arps decline curve to the production 1ST STATE BANK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for 1ST STATE BANK is an estimate of value, not an offer and not an appraisal.
- How much income does 1ST STATE BANK generate in a year?
- 1ST STATE BANK is forecast to net about $8K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in 1ST STATE BANK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Arrowhead Productions, LP |
|---|---|
| Field | KRS (Marble Falls) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 32367 |
| Wellbores | 1 |
| Reported production | 3,867 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $53K |
Where 1ST STATE BANK 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.