ARCO - STATE 33-28
ARCO - STATE 33-28 is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Jetta Operating Company, Inc. It has 2 wellbores on file with the Commission. Reported production runs from March 2013 to August 2026, totalling 1,265,179 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 $9.9M, with roughly $2.9M 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 4,423 barrels a month, about 2,211 per wellbore. Its strongest month on the record we hold was October 2016, at 22,323 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 ARCO - STATE 33-28
- Who operates ARCO - STATE 33-28?
- ARCO - STATE 33-28 is operated by Jetta Operating Company, Inc., Railroad Commission of Texas operator number 432283.
- Where is ARCO - STATE 33-28?
- ARCO - STATE 33-28 is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 44101.
- Is ARCO - STATE 33-28 still producing?
- ARCO - STATE 33-28 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ARCO - STATE 33-28 is August 2026.
- How much has ARCO - STATE 33-28 produced?
- ARCO - STATE 33-28 has reported 1,265,179 barrels of oil (bbl) to the Railroad Commission of Texas between March 2013 and August 2026, from 2 wellbores.
- How much is ARCO - STATE 33-28 worth?
- The remaining production from ARCO - STATE 33-28 is estimated to be worth about $9.9M in total as of 27 August 2026, within a range of $8.2M to $11.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ARCO - STATE 33-28 is a fraction of it. The estimate fits an Arps decline curve to the production ARCO - STATE 33-28 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ARCO - STATE 33-28 is an estimate of value, not an offer and not an appraisal.
- How much income does ARCO - STATE 33-28 generate in a year?
- ARCO - STATE 33-28 is forecast to net about $2.9M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in ARCO - STATE 33-28 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jetta Operating Company, Inc. |
|---|---|
| Field | Two Georges (Bone Spring) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 44101 |
| Wellbores | 2 |
| Reported production | 1,265,179 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.9M |
Where ARCO - STATE 33-28 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.