STATE POGO 57-T2-4
STATE POGO 57-T2-4 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by BHP Billiton Pet(Txla Op) Co. It has 1 wellbore on file with the Commission. Reported production runs from October 2014 to August 2026, totalling 1,646,539 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 $4.6M, with roughly $980K 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 6,538 thousand cubic feet a month. Its strongest month on the record we hold was March 2025, at 31,754 thousand cubic feet. 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 STATE POGO 57-T2-4
- Who operates STATE POGO 57-T2-4?
- STATE POGO 57-T2-4 is operated by BHP Billiton Pet(Txla Op) Co, Railroad Commission of Texas operator number 068596.
- Where is STATE POGO 57-T2-4?
- STATE POGO 57-T2-4 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 278216.
- Is STATE POGO 57-T2-4 still producing?
- STATE POGO 57-T2-4 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE POGO 57-T2-4 is August 2026.
- How much has STATE POGO 57-T2-4 produced?
- STATE POGO 57-T2-4 has reported 1,646,539 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2014 and August 2026, from 1 wellbore.
- How much is STATE POGO 57-T2-4 worth?
- The remaining production from STATE POGO 57-T2-4 is estimated to be worth about $4.6M in total as of 27 August 2026, within a range of $3.8M to $5.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE POGO 57-T2-4 is a fraction of it. The estimate fits an Arps decline curve to the production STATE POGO 57-T2-4 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE POGO 57-T2-4 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE POGO 57-T2-4 generate in a year?
- STATE POGO 57-T2-4 is forecast to net about $980K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE POGO 57-T2-4 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BHP Billiton Pet(Txla Op) Co |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 278216 |
| Wellbores | 1 |
| Reported production | 1,646,539 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.6M |
Where STATE POGO 57-T2-4 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.