GRANITE STATE
GRANITE STATE is a Texas gas lease in Pecos County, Railroad Commission district 08, operated by Marathon Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 773,048 thousand cubic feet. 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 $397, with roughly $389 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 383 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 3,070 thousand cubic feet. 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 GRANITE STATE
- Who operates GRANITE STATE?
- GRANITE STATE is operated by Marathon Oil Company, Railroad Commission of Texas operator number 525380.
- Where is GRANITE STATE?
- GRANITE STATE is a Texas gas lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 121973.
- Is GRANITE STATE still producing?
- GRANITE STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRANITE STATE is August 2026.
- How much has GRANITE STATE produced?
- GRANITE STATE has reported 773,048 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GRANITE STATE worth?
- The remaining production from GRANITE STATE is estimated to be worth about $397 in total as of 26 August 2026, within a range of $310 to $484. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRANITE STATE is a fraction of it. The estimate fits an Arps decline curve to the production GRANITE STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRANITE STATE is an estimate of value, not an offer and not an appraisal.
- How much income does GRANITE STATE generate in a year?
- GRANITE STATE is forecast to net about $389 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRANITE STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marathon Oil Company |
|---|---|
| Field | Chenot (Granite Wash) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 121973 |
| Wellbores | 1 |
| Reported production | 773,048 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $397 |
Where GRANITE 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.