RAWHIDE STATE
RAWHIDE STATE is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Cog Operating LLC. It has 3 wellbores on file with the Commission. Reported production runs from February 2014 to August 2026, totalling 731,168 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 $4.0M, with roughly $1.1M 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 1,763 barrels a month, about 588 per wellbore. Its strongest month on the record we hold was May 2016, at 9,575 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 RAWHIDE STATE
- Who operates RAWHIDE STATE?
- RAWHIDE STATE is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is RAWHIDE STATE?
- RAWHIDE STATE is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45812.
- Is RAWHIDE STATE still producing?
- RAWHIDE STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAWHIDE STATE is August 2026.
- How much has RAWHIDE STATE produced?
- RAWHIDE STATE has reported 731,168 barrels of oil (bbl) to the Railroad Commission of Texas between February 2014 and August 2026, from 3 wellbores.
- How much is RAWHIDE STATE worth?
- The remaining production from RAWHIDE STATE is estimated to be worth about $4.0M in total as of 26 August 2026, within a range of $3.4M to $4.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAWHIDE STATE is a fraction of it. The estimate fits an Arps decline curve to the production RAWHIDE STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAWHIDE STATE is an estimate of value, not an offer and not an appraisal.
- How much income does RAWHIDE STATE generate in a year?
- RAWHIDE STATE is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RAWHIDE STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 45812 |
| Wellbores | 3 |
| Reported production | 731,168 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.0M |
Where RAWHIDE 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.