STATE WASHOE 12/1
STATE WASHOE 12/1 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from June 2025 to August 2026, totalling 522,076 thousand cubic feet. 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 $7.2M, with roughly $4.1M 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 44,615 thousand cubic feet a month. Its strongest month on the record we hold was January 2026, at 114,792 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 WASHOE 12/1
- Who operates STATE WASHOE 12/1?
- STATE WASHOE 12/1 is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is STATE WASHOE 12/1?
- STATE WASHOE 12/1 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 299812.
- Is STATE WASHOE 12/1 still producing?
- STATE WASHOE 12/1 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STATE WASHOE 12/1 is August 2026.
- How much has STATE WASHOE 12/1 produced?
- STATE WASHOE 12/1 has reported 522,076 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2025 and August 2026, from 1 wellbore.
- How much is STATE WASHOE 12/1 worth?
- The remaining production from STATE WASHOE 12/1 is estimated to be worth about $7.2M in total as of 27 August 2026, within a range of $5.9M to $8.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE WASHOE 12/1 is a fraction of it. The estimate fits an Arps decline curve to the production STATE WASHOE 12/1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE WASHOE 12/1 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE WASHOE 12/1 generate in a year?
- STATE WASHOE 12/1 is forecast to net about $4.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE WASHOE 12/1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 299812 |
| Wellbores | 1 |
| Reported production | 522,076 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.2M |
Where STATE WASHOE 12/1 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.