BELL STATE
BELL STATE is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Lindenmuth & Associates, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 42,438 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 $332K, with roughly $64K 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 88 barrels a month. Its strongest month on the record we hold was January 2023, at 329 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 BELL STATE
- Who operates BELL STATE?
- BELL STATE is operated by Lindenmuth & Associates, Inc., Railroad Commission of Texas operator number 501202.
- Where is BELL STATE?
- BELL STATE is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 23708.
- Is BELL STATE still producing?
- BELL STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BELL STATE is August 2026.
- How much has BELL STATE produced?
- BELL STATE has reported 42,438 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BELL STATE worth?
- The remaining production from BELL STATE is estimated to be worth about $332K in total as of 26 August 2026, within a range of $182K to $481K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BELL STATE is a fraction of it. The estimate fits an Arps decline curve to the production BELL STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BELL STATE is an estimate of value, not an offer and not an appraisal.
- How much income does BELL STATE generate in a year?
- BELL STATE is forecast to net about $64K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BELL STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lindenmuth & Associates, Inc. |
|---|---|
| Field | Toro (Delaware) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 23708 |
| Wellbores | 1 |
| Reported production | 42,438 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $332K |
Where BELL 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.