PERRY STATE 1
PERRY STATE 1 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 2 wellbores on file with the Commission. Reported production runs from July 2011 to August 2026, totalling 136,464 barrels. The lease is intermittent. 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 $122K, with roughly $23K 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 17 barrels a month, about 9 per wellbore. Its strongest month on the record we hold was April 2018, at 1,674 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 PERRY STATE 1
- Who operates PERRY STATE 1?
- PERRY STATE 1 is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is PERRY STATE 1?
- PERRY STATE 1 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42012.
- Is PERRY STATE 1 still producing?
- PERRY STATE 1 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PERRY STATE 1 is August 2026.
- How much has PERRY STATE 1 produced?
- PERRY STATE 1 has reported 136,464 barrels of oil (bbl) to the Railroad Commission of Texas between July 2011 and August 2026, from 2 wellbores.
- How much is PERRY STATE 1 worth?
- The remaining production from PERRY STATE 1 is estimated to be worth about $122K in total as of 26 August 2026, within a range of $67K to $176K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PERRY STATE 1 is a fraction of it. The estimate fits an Arps decline curve to the production PERRY STATE 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PERRY STATE 1 is an estimate of value, not an offer and not an appraisal.
- How much income does PERRY STATE 1 generate in a year?
- PERRY STATE 1 is forecast to net about $23K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PERRY STATE 1 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 | 42012 |
| Wellbores | 2 |
| Reported production | 136,464 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $122K |
Where PERRY STATE 1 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.