ZEMAN-STATE A11
ZEMAN-STATE A11 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Callon (Permian) LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2023 to August 2026, totalling 1,348,744 thousand cubic feet. 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 $4.2M, with roughly $1.1M 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 26,434 thousand cubic feet a month. Its strongest month on the record we hold was September 2023, at 105,613 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 ZEMAN-STATE A11
- Who operates ZEMAN-STATE A11?
- ZEMAN-STATE A11 is operated by Callon (Permian) LLC, Railroad Commission of Texas operator number 124807.
- Where is ZEMAN-STATE A11?
- ZEMAN-STATE A11 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 296724.
- Is ZEMAN-STATE A11 still producing?
- ZEMAN-STATE A11 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ZEMAN-STATE A11 is August 2026.
- How much has ZEMAN-STATE A11 produced?
- ZEMAN-STATE A11 has reported 1,348,744 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2023 and August 2026, from 1 wellbore.
- How much is ZEMAN-STATE A11 worth?
- The remaining production from ZEMAN-STATE A11 is estimated to be worth about $4.2M in total as of 26 August 2026, within a range of $3.4M to $4.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ZEMAN-STATE A11 is a fraction of it. The estimate fits an Arps decline curve to the production ZEMAN-STATE A11 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ZEMAN-STATE A11 is an estimate of value, not an offer and not an appraisal.
- How much income does ZEMAN-STATE A11 generate in a year?
- ZEMAN-STATE A11 is forecast to net about $1.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ZEMAN-STATE A11 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Callon (Permian) LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 296724 |
| Wellbores | 1 |
| Reported production | 1,348,744 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.2M |
Where ZEMAN-STATE A11 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.