RAINBOW STATE 33-70
RAINBOW STATE 33-70 is a Texas oil lease in Loving County, Railroad Commission district 08, operated by Energen Resources Corporation. It has 8 wellbores on file with the Commission. Reported production runs from December 2011 to August 2026, totalling 500,253 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 $742K, with roughly $345K 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 644 barrels a month, about 81 per wellbore. Its strongest month on the record we hold was August 2016, at 3,587 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 RAINBOW STATE 33-70
- Who operates RAINBOW STATE 33-70?
- RAINBOW STATE 33-70 is operated by Energen Resources Corporation, Railroad Commission of Texas operator number 252002.
- Where is RAINBOW STATE 33-70?
- RAINBOW STATE 33-70 is a Texas oil lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42303.
- Is RAINBOW STATE 33-70 still producing?
- RAINBOW STATE 33-70 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAINBOW STATE 33-70 is August 2026.
- How much has RAINBOW STATE 33-70 produced?
- RAINBOW STATE 33-70 has reported 500,253 barrels of oil (bbl) to the Railroad Commission of Texas between December 2011 and August 2026, from 8 wellbores.
- How much is RAINBOW STATE 33-70 worth?
- The remaining production from RAINBOW STATE 33-70 is estimated to be worth about $742K in total as of 27 August 2026, within a range of $578K to $905K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAINBOW STATE 33-70 is a fraction of it. The estimate fits an Arps decline curve to the production RAINBOW STATE 33-70 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAINBOW STATE 33-70 is an estimate of value, not an offer and not an appraisal.
- How much income does RAINBOW STATE 33-70 generate in a year?
- RAINBOW STATE 33-70 is forecast to net about $345K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RAINBOW STATE 33-70 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Energen Resources Corporation |
|---|---|
| Field | Two Georges (Bone Spring) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 42303 |
| Wellbores | 8 |
| Reported production | 500,253 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $742K |
Where RAINBOW STATE 33-70 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.