WEAVER STATE
WEAVER STATE is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Atlantic Operating, Inc. It has 4 wellbores on file with the Commission. Reported production runs from October 2011 to August 2026, totalling 652,917 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 $1.5M, with roughly $518K 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 741 barrels a month, about 185 per wellbore. Its strongest month on the record we hold was May 2016, at 9,477 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 WEAVER STATE
- Who operates WEAVER STATE?
- WEAVER STATE is operated by Atlantic Operating, Inc., Railroad Commission of Texas operator number 036546.
- Where is WEAVER STATE?
- WEAVER STATE is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42639.
- Is WEAVER STATE still producing?
- WEAVER STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WEAVER STATE is August 2026.
- How much has WEAVER STATE produced?
- WEAVER STATE has reported 652,917 barrels of oil (bbl) to the Railroad Commission of Texas between October 2011 and August 2026, from 4 wellbores.
- How much is WEAVER STATE worth?
- The remaining production from WEAVER STATE is estimated to be worth about $1.5M in total as of 26 August 2026, within a range of $1.2M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WEAVER STATE is a fraction of it. The estimate fits an Arps decline curve to the production WEAVER STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WEAVER STATE is an estimate of value, not an offer and not an appraisal.
- How much income does WEAVER STATE generate in a year?
- WEAVER STATE is forecast to net about $518K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WEAVER STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Atlantic Operating, Inc. |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 42639 |
| Wellbores | 4 |
| Reported production | 652,917 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.5M |
Where WEAVER STATE 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.