TERRILL STATE 36
TERRILL STATE 36 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 2 wellbores on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 174,037 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 $598K, with roughly $115K 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 101 barrels a month, about 50 per wellbore. Its strongest month on the record we hold was October 2019, at 1,643 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 TERRILL STATE 36
- Who operates TERRILL STATE 36?
- TERRILL STATE 36 is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is TERRILL STATE 36?
- TERRILL STATE 36 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40373.
- Is TERRILL STATE 36 still producing?
- TERRILL STATE 36 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TERRILL STATE 36 is August 2026.
- How much has TERRILL STATE 36 produced?
- TERRILL STATE 36 has reported 174,037 barrels of oil (bbl) to the Railroad Commission of Texas between December 2010 and August 2026, from 2 wellbores.
- How much is TERRILL STATE 36 worth?
- The remaining production from TERRILL STATE 36 is estimated to be worth about $598K in total as of 27 August 2026, within a range of $466K to $729K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TERRILL STATE 36 is a fraction of it. The estimate fits an Arps decline curve to the production TERRILL STATE 36 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TERRILL STATE 36 is an estimate of value, not an offer and not an appraisal.
- How much income does TERRILL STATE 36 generate in a year?
- TERRILL STATE 36 is forecast to net about $115K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TERRILL STATE 36 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 | 40373 |
| Wellbores | 2 |
| Reported production | 174,037 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $598K |
Where TERRILL STATE 36 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.