EAGLE STATE 28
EAGLE STATE 28 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 14 wellbores on file with the Commission. Reported production runs from January 2011 to August 2026, totalling 2,006,473 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 $12.9M, with roughly $2.7M 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 3,400 barrels a month, about 243 per wellbore. Its strongest month on the record we hold was May 2016, at 40,001 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 EAGLE STATE 28
- Who operates EAGLE STATE 28?
- EAGLE STATE 28 is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is EAGLE STATE 28?
- EAGLE STATE 28 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41417.
- Is EAGLE STATE 28 still producing?
- EAGLE STATE 28 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EAGLE STATE 28 is August 2026.
- How much has EAGLE STATE 28 produced?
- EAGLE STATE 28 has reported 2,006,473 barrels of oil (bbl) to the Railroad Commission of Texas between January 2011 and August 2026, from 14 wellbores.
- How much is EAGLE STATE 28 worth?
- The remaining production from EAGLE STATE 28 is estimated to be worth about $12.9M in total as of 26 August 2026, within a range of $10.7M to $15.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EAGLE STATE 28 is a fraction of it. The estimate fits an Arps decline curve to the production EAGLE STATE 28 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EAGLE STATE 28 is an estimate of value, not an offer and not an appraisal.
- How much income does EAGLE STATE 28 generate in a year?
- EAGLE STATE 28 is forecast to net about $2.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in EAGLE STATE 28 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thompson, J. Cleo |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 41417 |
| Wellbores | 14 |
| Reported production | 2,006,473 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $12.9M |
Where EAGLE STATE 28 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.