TRUST STATE 242
TRUST STATE 242 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by NBL Permian LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2017 to August 2026, totalling 241,211 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 $95K, with roughly $82K 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 556 barrels a month. Its strongest month on the record we hold was May 2017, at 18,816 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 TRUST STATE 242
- Who operates TRUST STATE 242?
- TRUST STATE 242 is operated by NBL Permian LLC, Railroad Commission of Texas operator number 601345.
- Where is TRUST STATE 242?
- TRUST STATE 242 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 48640.
- Is TRUST STATE 242 still producing?
- TRUST STATE 242 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TRUST STATE 242 is August 2026.
- How much has TRUST STATE 242 produced?
- TRUST STATE 242 has reported 241,211 barrels of oil (bbl) to the Railroad Commission of Texas between April 2017 and August 2026, from 1 wellbore.
- How much is TRUST STATE 242 worth?
- The remaining production from TRUST STATE 242 is estimated to be worth about $95K in total as of 27 August 2026, within a range of $74K to $116K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TRUST STATE 242 is a fraction of it. The estimate fits an Arps decline curve to the production TRUST STATE 242 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TRUST STATE 242 is an estimate of value, not an offer and not an appraisal.
- How much income does TRUST STATE 242 generate in a year?
- TRUST STATE 242 is forecast to net about $82K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TRUST STATE 242 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | NBL Permian LLC |
|---|---|
| Field | Hoefs T-K (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 48640 |
| Wellbores | 1 |
| Reported production | 241,211 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $95K |
Where TRUST STATE 242 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.