STATE EILAND 1705
STATE EILAND 1705 is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Jagged Peak Energy LLC. It has 3 wellbores on file with the Commission. Reported production runs from May 2018 to August 2026, totalling 1,149,023 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 $15.5M, with roughly $10.1M 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 25,553 barrels a month, about 8,518 per wellbore. Its strongest month on the record we hold was January 2025, at 58,201 barrels. 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 STATE EILAND 1705
- Who operates STATE EILAND 1705?
- STATE EILAND 1705 is operated by Jagged Peak Energy LLC, Railroad Commission of Texas operator number 429574.
- Where is STATE EILAND 1705?
- STATE EILAND 1705 is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50595.
- Is STATE EILAND 1705 still producing?
- STATE EILAND 1705 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE EILAND 1705 is August 2026.
- How much has STATE EILAND 1705 produced?
- STATE EILAND 1705 has reported 1,149,023 barrels of oil (bbl) to the Railroad Commission of Texas between May 2018 and August 2026, from 3 wellbores.
- How much is STATE EILAND 1705 worth?
- The remaining production from STATE EILAND 1705 is estimated to be worth about $15.5M in total as of 27 August 2026, within a range of $12.7M to $18.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE EILAND 1705 is a fraction of it. The estimate fits an Arps decline curve to the production STATE EILAND 1705 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE EILAND 1705 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE EILAND 1705 generate in a year?
- STATE EILAND 1705 is forecast to net about $10.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE EILAND 1705 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jagged Peak Energy LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 50595 |
| Wellbores | 3 |
| Reported production | 1,149,023 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $15.5M |
Where STATE EILAND 1705 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.