STATE OF TEXAS 390
STATE OF TEXAS 390 is a Texas oil lease in Nueces County, Railroad Commission district 04, operated by Bass Enterprises Production Co. It has 2 wellbores on file with the Commission. Reported production runs from January 1994 to August 2026, totalling 39,997 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 $101K, with roughly $19K 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 21 barrels a month, about 11 per wellbore. Its strongest month on the record we hold was November 2018, at 60 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 STATE OF TEXAS 390
- Who operates STATE OF TEXAS 390?
- STATE OF TEXAS 390 is operated by Bass Enterprises Production Co., Railroad Commission of Texas operator number 054700.
- Where is STATE OF TEXAS 390?
- STATE OF TEXAS 390 is a Texas oil lease in Nueces County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 12400.
- Is STATE OF TEXAS 390 still producing?
- STATE OF TEXAS 390 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE OF TEXAS 390 is August 2026.
- How much has STATE OF TEXAS 390 produced?
- STATE OF TEXAS 390 has reported 39,997 barrels of oil (bbl) to the Railroad Commission of Texas between January 1994 and August 2026, from 2 wellbores.
- How much is STATE OF TEXAS 390 worth?
- The remaining production from STATE OF TEXAS 390 is estimated to be worth about $101K in total as of 27 August 2026, within a range of $55K to $146K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE OF TEXAS 390 is a fraction of it. The estimate fits an Arps decline curve to the production STATE OF TEXAS 390 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE OF TEXAS 390 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE OF TEXAS 390 generate in a year?
- STATE OF TEXAS 390 is forecast to net about $19K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE OF TEXAS 390 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bass Enterprises Production Co. |
|---|---|
| Field | Red Fish Bay (Frio 7700) |
| County | Nueces County, Texas |
| RRC district | 04 |
| Lease number | 12400 |
| Wellbores | 2 |
| Reported production | 39,997 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $101K |
Where STATE OF TEXAS 390 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.