FIRST STATE BANK
FIRST STATE BANK is a Texas oil lease in Jack County, Railroad Commission district 09, operated by Bruce Operating Account. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 3,940 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 $19K, with roughly $3K 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 2 barrels a month. Its strongest month on the record we hold was December 2023, at 22 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 FIRST STATE BANK
- Who operates FIRST STATE BANK?
- FIRST STATE BANK is operated by Bruce Operating Account, Railroad Commission of Texas operator number 103425.
- Where is FIRST STATE BANK?
- FIRST STATE BANK is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 24387.
- Is FIRST STATE BANK still producing?
- FIRST STATE BANK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FIRST STATE BANK is August 2026.
- How much has FIRST STATE BANK produced?
- FIRST STATE BANK has reported 3,940 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is FIRST STATE BANK worth?
- The remaining production from FIRST STATE BANK is estimated to be worth about $19K in total as of 26 August 2026, within a range of $0 to $38K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FIRST STATE BANK is a fraction of it. The estimate fits an Arps decline curve to the production FIRST 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 FIRST STATE BANK is an estimate of value, not an offer and not an appraisal.
- How much income does FIRST STATE BANK generate in a year?
- FIRST STATE BANK is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FIRST STATE BANK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bruce Operating Account |
|---|---|
| Field | Rice (Congl.) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 24387 |
| Wellbores | 1 |
| Reported production | 3,940 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $19K |
Where FIRST 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.