GARNET STATE
GARNET STATE is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Pearl Resources Operating Co.LLC. It has 4 wellbores on file with the Commission. Reported production runs from June 2017 to August 2026, totalling 5,830 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 $29K, with roughly $6K 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 12 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was September 2017, at 352 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 GARNET STATE
- Who operates GARNET STATE?
- GARNET STATE is operated by Pearl Resources Operating Co.LLC, Railroad Commission of Texas operator number 647281.
- Where is GARNET STATE?
- GARNET STATE is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48966.
- Is GARNET STATE still producing?
- GARNET STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GARNET STATE is August 2026.
- How much has GARNET STATE produced?
- GARNET STATE has reported 5,830 barrels of oil (bbl) to the Railroad Commission of Texas between June 2017 and August 2026, from 4 wellbores.
- How much is GARNET STATE worth?
- The remaining production from GARNET STATE is estimated to be worth about $29K in total as of 26 August 2026, within a range of $16K to $42K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GARNET STATE is a fraction of it. The estimate fits an Arps decline curve to the production GARNET STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GARNET STATE is an estimate of value, not an offer and not an appraisal.
- How much income does GARNET STATE generate in a year?
- GARNET STATE is forecast to net about $6K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GARNET STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pearl Resources Operating Co.LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 48966 |
| Wellbores | 4 |
| Reported production | 5,830 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $29K |
Where GARNET STATE 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.