REGAN-STATE 1
REGAN-STATE 1 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Helmerich & Payne, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 67,211 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 $215K, with roughly $41K 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 76 barrels a month, about 38 per wellbore. Its strongest month on the record we hold was February 2024, at 241 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 REGAN-STATE 1
- Who operates REGAN-STATE 1?
- REGAN-STATE 1 is operated by Helmerich & Payne, Inc., Railroad Commission of Texas operator number 374170.
- Where is REGAN-STATE 1?
- REGAN-STATE 1 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 20047.
- Is REGAN-STATE 1 still producing?
- REGAN-STATE 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REGAN-STATE 1 is August 2026.
- How much has REGAN-STATE 1 produced?
- REGAN-STATE 1 has reported 67,211 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is REGAN-STATE 1 worth?
- The remaining production from REGAN-STATE 1 is estimated to be worth about $215K in total as of 27 August 2026, within a range of $118K to $312K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REGAN-STATE 1 is a fraction of it. The estimate fits an Arps decline curve to the production REGAN-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 REGAN-STATE 1 is an estimate of value, not an offer and not an appraisal.
- How much income does REGAN-STATE 1 generate in a year?
- REGAN-STATE 1 is forecast to net about $41K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in REGAN-STATE 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Helmerich & Payne, Inc. |
|---|---|
| Field | Toro (Delaware) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 20047 |
| Wellbores | 2 |
| Reported production | 67,211 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $215K |
Where REGAN-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.