LEIGH STATE 40
LEIGH STATE 40 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Oxy USA WTP LP. It has 1 wellbore on file with the Commission. Reported production runs from July 2015 to August 2026, totalling 360,361 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 $966K, with roughly $215K 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 331 barrels a month. Its strongest month on the record we hold was May 2016, at 9,180 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 LEIGH STATE 40
- Who operates LEIGH STATE 40?
- LEIGH STATE 40 is operated by Oxy USA WTP LP, Railroad Commission of Texas operator number 630555.
- Where is LEIGH STATE 40?
- LEIGH STATE 40 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 47162.
- Is LEIGH STATE 40 still producing?
- LEIGH STATE 40 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEIGH STATE 40 is August 2026.
- How much has LEIGH STATE 40 produced?
- LEIGH STATE 40 has reported 360,361 barrels of oil (bbl) to the Railroad Commission of Texas between July 2015 and August 2026, from 1 wellbore.
- How much is LEIGH STATE 40 worth?
- The remaining production from LEIGH STATE 40 is estimated to be worth about $966K in total as of 26 August 2026, within a range of $753K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEIGH STATE 40 is a fraction of it. The estimate fits an Arps decline curve to the production LEIGH STATE 40 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEIGH STATE 40 is an estimate of value, not an offer and not an appraisal.
- How much income does LEIGH STATE 40 generate in a year?
- LEIGH STATE 40 is forecast to net about $215K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEIGH STATE 40 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA WTP LP |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 47162 |
| Wellbores | 1 |
| Reported production | 360,361 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $966K |
Where LEIGH STATE 40 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.