KALI STATE 24-25-28J
KALI STATE 24-25-28J is a Texas oil lease in Winkler County, Railroad Commission district 08, operated by WPX Energy Permian, LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2025 to August 2026, totalling 103,544 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 $10.0M, 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 5,850 barrels a month. Its strongest month on the record we hold was April 2025, at 15,949 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 KALI STATE 24-25-28J
- Who operates KALI STATE 24-25-28J?
- KALI STATE 24-25-28J is operated by WPX Energy Permian, LLC, Railroad Commission of Texas operator number 942623.
- Where is KALI STATE 24-25-28J?
- KALI STATE 24-25-28J is a Texas oil lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 63017.
- Is KALI STATE 24-25-28J still producing?
- KALI STATE 24-25-28J is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KALI STATE 24-25-28J is August 2026.
- How much has KALI STATE 24-25-28J produced?
- KALI STATE 24-25-28J has reported 103,544 barrels of oil (bbl) to the Railroad Commission of Texas between March 2025 and August 2026, from 1 wellbore.
- How much is KALI STATE 24-25-28J worth?
- The remaining production from KALI STATE 24-25-28J is estimated to be worth about $10.0M in total as of 27 August 2026, within a range of $8.3M to $11.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KALI STATE 24-25-28J is a fraction of it. The estimate fits an Arps decline curve to the production KALI STATE 24-25-28J has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KALI STATE 24-25-28J is an estimate of value, not an offer and not an appraisal.
- How much income does KALI STATE 24-25-28J generate in a year?
- KALI STATE 24-25-28J 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 KALI STATE 24-25-28J receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | WPX Energy Permian, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 63017 |
| Wellbores | 1 |
| Reported production | 103,544 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.0M |
Where KALI STATE 24-25-28J 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.