PERRY STATE 264
PERRY STATE 264 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 5 wellbores on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 532,162 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 $745K, with roughly $142K 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 172 barrels a month, about 34 per wellbore. Its strongest month on the record we hold was May 2016, at 4,053 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 PERRY STATE 264
- Who operates PERRY STATE 264?
- PERRY STATE 264 is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is PERRY STATE 264?
- PERRY STATE 264 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40371.
- Is PERRY STATE 264 still producing?
- PERRY STATE 264 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PERRY STATE 264 is August 2026.
- How much has PERRY STATE 264 produced?
- PERRY STATE 264 has reported 532,162 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 5 wellbores.
- How much is PERRY STATE 264 worth?
- The remaining production from PERRY STATE 264 is estimated to be worth about $745K in total as of 26 August 2026, within a range of $581K to $909K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PERRY STATE 264 is a fraction of it. The estimate fits an Arps decline curve to the production PERRY STATE 264 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 264 is an estimate of value, not an offer and not an appraisal.
- How much income does PERRY STATE 264 generate in a year?
- PERRY STATE 264 is forecast to net about $142K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PERRY STATE 264 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 | 40371 |
| Wellbores | 5 |
| Reported production | 532,162 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $745K |
Where PERRY STATE 264 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.