STATON
STATON is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Prime Operating Company. It has 2 wellbores on file with the Commission. Reported production runs from May 1995 to August 2026, totalling 120,390 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 $421K, with roughly $81K 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 94 barrels a month, about 47 per wellbore. Its strongest month on the record we hold was May 2017, at 862 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 STATON
- Who operates STATON?
- STATON is operated by Prime Operating Company, Railroad Commission of Texas operator number 677770.
- Where is STATON?
- STATON is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 34510.
- Is STATON still producing?
- STATON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATON is August 2026.
- How much has STATON produced?
- STATON has reported 120,390 barrels of oil (bbl) to the Railroad Commission of Texas between May 1995 and August 2026, from 2 wellbores.
- How much is STATON worth?
- The remaining production from STATON is estimated to be worth about $421K in total as of 27 August 2026, within a range of $232K to $611K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATON is a fraction of it. The estimate fits an Arps decline curve to the production STATON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATON is an estimate of value, not an offer and not an appraisal.
- How much income does STATON generate in a year?
- STATON is forecast to net about $81K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATON receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Prime Operating Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 34510 |
| Wellbores | 2 |
| Reported production | 120,390 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $421K |
Where STATON 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.