STATE SPEARHEAD 1114

STATE SPEARHEAD 1114 is a Texas oil lease in Pecos County, Railroad Commission district 08, operated by Contango Resources, Inc. It has 4 wellbores on file with the Commission. Reported production runs from January 2020 to August 2026, totalling 1,042,708 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 $26.7M, with roughly $7.2M 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 8,989 barrels a month, about 2,247 per wellbore. Its strongest month on the record we hold was April 2022, at 55,849 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 SPEARHEAD 1114

Who operates STATE SPEARHEAD 1114?: STATE SPEARHEAD 1114 is operated by Contango Resources, Inc., Railroad Commission of Texas operator number 173206.
Where is STATE SPEARHEAD 1114?: STATE SPEARHEAD 1114 is a Texas oil lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 53629.
Is STATE SPEARHEAD 1114 still producing?: STATE SPEARHEAD 1114 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE SPEARHEAD 1114 is August 2026.
How much has STATE SPEARHEAD 1114 produced?: STATE SPEARHEAD 1114 has reported 1,042,708 barrels of oil (bbl) to the Railroad Commission of Texas between January 2020 and August 2026, from 4 wellbores.
How much is STATE SPEARHEAD 1114 worth?: The remaining production from STATE SPEARHEAD 1114 is estimated to be worth about $26.7M in total as of 26 August 2026, within a range of $22.2M to $31.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE SPEARHEAD 1114 is a fraction of it. The estimate fits an Arps decline curve to the production STATE SPEARHEAD 1114 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE SPEARHEAD 1114 is an estimate of value, not an offer and not an appraisal.
How much income does STATE SPEARHEAD 1114 generate in a year?: STATE SPEARHEAD 1114 is forecast to net about $7.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE SPEARHEAD 1114 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

STATE SPEARHEAD 1114 as filed with the Railroad Commission of Texas
Operator	Contango Resources, Inc.
Field	Hoefs T-K (Wolfcamp)
County	Pecos County, Texas
RRC district	08
Lease number	53629
Wellbores	4
Reported production	1,042,708 bbl
First reported	January 2020
Last reported	August 2026
Estimated royalty value	$26.7M

Where STATE SPEARHEAD 1114 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.