RED STATE
RED STATE is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Griffin Petroleum Company. It has 2 wellbores on file with the Commission. Reported production runs from November 2014 to August 2026, totalling 101,590 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 $659K, with roughly $254K 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 533 barrels a month, about 267 per wellbore. Its strongest month on the record we hold was March 2023, at 2,228 barrels. 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 RED STATE
- Who operates RED STATE?
- RED STATE is operated by Griffin Petroleum Company, Railroad Commission of Texas operator number 333925.
- Where is RED STATE?
- RED STATE is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18983.
- Is RED STATE still producing?
- RED STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RED STATE is August 2026.
- How much has RED STATE produced?
- RED STATE has reported 101,590 barrels of oil (bbl) to the Railroad Commission of Texas between November 2014 and August 2026, from 2 wellbores.
- How much is RED STATE worth?
- The remaining production from RED STATE is estimated to be worth about $659K in total as of 26 August 2026, within a range of $514K to $804K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RED STATE is a fraction of it. The estimate fits an Arps decline curve to the production RED STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RED STATE is an estimate of value, not an offer and not an appraisal.
- How much income does RED STATE generate in a year?
- RED STATE is forecast to net about $254K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RED STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Griffin Petroleum Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 18983 |
| Wellbores | 2 |
| Reported production | 101,590 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $659K |
Where RED 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.