STATE EILAND 1118E
STATE EILAND 1118E is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Continental Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2023 to August 2026, totalling 307,113 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 $11.4M, with roughly $3.6M 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 6,318 barrels a month. Its strongest month on the record we hold was October 2023, at 23,825 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 STATE EILAND 1118E
- Who operates STATE EILAND 1118E?
- STATE EILAND 1118E is operated by Continental Resources, Inc., Railroad Commission of Texas operator number 173777.
- Where is STATE EILAND 1118E?
- STATE EILAND 1118E is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 60495.
- Is STATE EILAND 1118E still producing?
- STATE EILAND 1118E is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE EILAND 1118E is August 2026.
- How much has STATE EILAND 1118E produced?
- STATE EILAND 1118E has reported 307,113 barrels of oil (bbl) to the Railroad Commission of Texas between September 2023 and August 2026, from 1 wellbore.
- How much is STATE EILAND 1118E worth?
- The remaining production from STATE EILAND 1118E is estimated to be worth about $11.4M in total as of 26 August 2026, within a range of $9.4M to $13.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE EILAND 1118E is a fraction of it. The estimate fits an Arps decline curve to the production STATE EILAND 1118E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE EILAND 1118E is an estimate of value, not an offer and not an appraisal.
- How much income does STATE EILAND 1118E generate in a year?
- STATE EILAND 1118E is forecast to net about $3.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE EILAND 1118E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Continental Resources, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 60495 |
| Wellbores | 1 |
| Reported production | 307,113 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.4M |
Where STATE EILAND 1118E 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.