STATE BIGGS 12A-2 UNIT
STATE BIGGS 12A-2 UNIT is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 3 wellbores on file with the Commission. Reported production runs from January 2018 to August 2026, totalling 1,224,265 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 $10.3M, with roughly $4.3M 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 7,569 barrels a month, about 2,523 per wellbore. Its strongest month on the record we hold was August 2022, at 49,992 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 BIGGS 12A-2 UNIT
- Who operates STATE BIGGS 12A-2 UNIT?
- STATE BIGGS 12A-2 UNIT is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is STATE BIGGS 12A-2 UNIT?
- STATE BIGGS 12A-2 UNIT is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50012.
- Is STATE BIGGS 12A-2 UNIT still producing?
- STATE BIGGS 12A-2 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE BIGGS 12A-2 UNIT is August 2026.
- How much has STATE BIGGS 12A-2 UNIT produced?
- STATE BIGGS 12A-2 UNIT has reported 1,224,265 barrels of oil (bbl) to the Railroad Commission of Texas between January 2018 and August 2026, from 3 wellbores.
- How much is STATE BIGGS 12A-2 UNIT worth?
- The remaining production from STATE BIGGS 12A-2 UNIT is estimated to be worth about $10.3M in total as of 27 August 2026, within a range of $8.5M to $12.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE BIGGS 12A-2 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production STATE BIGGS 12A-2 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE BIGGS 12A-2 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does STATE BIGGS 12A-2 UNIT generate in a year?
- STATE BIGGS 12A-2 UNIT is forecast to net about $4.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE BIGGS 12A-2 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Diamondback E&P LLC |
|---|---|
| Field | Hoefs T-K (Wolfcamp) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 50012 |
| Wellbores | 3 |
| Reported production | 1,224,265 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.3M |
Where STATE BIGGS 12A-2 UNIT 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.