STATE R
STATE R is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Pioneer Natural Res. USA, Inc. It has 4 wellbores on file with the Commission. Reported production runs from December 2013 to August 2026, totalling 10,572 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 $228K, with roughly $43K 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 57 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was May 2018, at 127 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 STATE R
- Who operates STATE R?
- STATE R is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is STATE R?
- STATE R is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 18370.
- Is STATE R still producing?
- STATE R is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE R is August 2026.
- How much has STATE R produced?
- STATE R has reported 10,572 barrels of oil (bbl) to the Railroad Commission of Texas between December 2013 and August 2026, from 4 wellbores.
- How much is STATE R worth?
- The remaining production from STATE R is estimated to be worth about $228K in total as of 26 August 2026, within a range of $125K to $331K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE R is a fraction of it. The estimate fits an Arps decline curve to the production STATE R has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE R is an estimate of value, not an offer and not an appraisal.
- How much income does STATE R generate in a year?
- STATE R is forecast to net about $43K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE R receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 18370 |
| Wellbores | 4 |
| Reported production | 10,572 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $228K |
Where STATE R 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.