ODELL STATE
ODELL STATE is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Incline Energy. It has 1 wellbore on file with the Commission. Reported production runs from October 2010 to August 2026, totalling 44,367 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 $303K, with roughly $58K 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 75 barrels a month. Its strongest month on the record we hold was December 2021, at 270 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 ODELL STATE
- Who operates ODELL STATE?
- ODELL STATE is operated by Incline Energy, Railroad Commission of Texas operator number 423656.
- Where is ODELL STATE?
- ODELL STATE is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40574.
- Is ODELL STATE still producing?
- ODELL STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ODELL STATE is August 2026.
- How much has ODELL STATE produced?
- ODELL STATE has reported 44,367 barrels of oil (bbl) to the Railroad Commission of Texas between October 2010 and August 2026, from 1 wellbore.
- How much is ODELL STATE worth?
- The remaining production from ODELL STATE is estimated to be worth about $303K in total as of 26 August 2026, within a range of $167K to $440K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ODELL STATE is a fraction of it. The estimate fits an Arps decline curve to the production ODELL STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ODELL STATE is an estimate of value, not an offer and not an appraisal.
- How much income does ODELL STATE generate in a year?
- ODELL STATE is forecast to net about $58K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ODELL STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Incline Energy |
|---|---|
| Field | Abell (Permian-General) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 40574 |
| Wellbores | 1 |
| Reported production | 44,367 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $303K |
Where ODELL 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.