OURAY STATE
OURAY STATE is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Cog Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2014 to August 2026, totalling 360,260 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 $2.1M, with roughly $428K 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 575 barrels a month. Its strongest month on the record we hold was August 2016, at 6,653 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 OURAY STATE
- Who operates OURAY STATE?
- OURAY STATE is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is OURAY STATE?
- OURAY STATE is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46427.
- Is OURAY STATE still producing?
- OURAY STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OURAY STATE is August 2026.
- How much has OURAY STATE produced?
- OURAY STATE has reported 360,260 barrels of oil (bbl) to the Railroad Commission of Texas between October 2014 and August 2026, from 1 wellbore.
- How much is OURAY STATE worth?
- The remaining production from OURAY STATE is estimated to be worth about $2.1M in total as of 27 August 2026, within a range of $1.6M to $2.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OURAY STATE is a fraction of it. The estimate fits an Arps decline curve to the production OURAY STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OURAY STATE is an estimate of value, not an offer and not an appraisal.
- How much income does OURAY STATE generate in a year?
- OURAY STATE is forecast to net about $428K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in OURAY STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Hoefs T-K (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 46427 |
| Wellbores | 1 |
| Reported production | 360,260 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.1M |
Where OURAY 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.