BAD BRAINS STATE
BAD BRAINS STATE is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Callon Petroleum Operating Co. It has 2 wellbores on file with the Commission. Reported production runs from June 2023 to August 2026, totalling 365,296 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 $18.6M, with roughly $4.4M 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 6,362 barrels a month, about 3,181 per wellbore. Its strongest month on the record we hold was July 2023, at 36,186 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 BAD BRAINS STATE
- Who operates BAD BRAINS STATE?
- BAD BRAINS STATE is operated by Callon Petroleum Operating Co, Railroad Commission of Texas operator number 124828.
- Where is BAD BRAINS STATE?
- BAD BRAINS STATE is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 59686.
- Is BAD BRAINS STATE still producing?
- BAD BRAINS STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BAD BRAINS STATE is August 2026.
- How much has BAD BRAINS STATE produced?
- BAD BRAINS STATE has reported 365,296 barrels of oil (bbl) to the Railroad Commission of Texas between June 2023 and August 2026, from 2 wellbores.
- How much is BAD BRAINS STATE worth?
- The remaining production from BAD BRAINS STATE is estimated to be worth about $18.6M in total as of 26 August 2026, within a range of $15.5M to $21.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BAD BRAINS STATE is a fraction of it. The estimate fits an Arps decline curve to the production BAD BRAINS STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BAD BRAINS STATE is an estimate of value, not an offer and not an appraisal.
- How much income does BAD BRAINS STATE generate in a year?
- BAD BRAINS STATE is forecast to net about $4.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BAD BRAINS STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Callon Petroleum Operating Co |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 59686 |
| Wellbores | 2 |
| Reported production | 365,296 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $18.6M |
Where BAD BRAINS 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.