STATE PROJECTS 57-T2-47X38
STATE PROJECTS 57-T2-47X38 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 April 2015 to August 2026, totalling 2,576,042 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 $2.6M, with roughly $1.2M 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 12,401 thousand cubic feet a month. Its strongest month on the record we hold was September 2016, at 37,537 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 STATE PROJECTS 57-T2-47X38
- Who operates STATE PROJECTS 57-T2-47X38?
- STATE PROJECTS 57-T2-47X38 is operated by BHP Billiton Pet(Txla Op) Co, Railroad Commission of Texas operator number 068596.
- Where is STATE PROJECTS 57-T2-47X38?
- STATE PROJECTS 57-T2-47X38 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 278234.
- Is STATE PROJECTS 57-T2-47X38 still producing?
- STATE PROJECTS 57-T2-47X38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE PROJECTS 57-T2-47X38 is August 2026.
- How much has STATE PROJECTS 57-T2-47X38 produced?
- STATE PROJECTS 57-T2-47X38 has reported 2,576,042 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2015 and August 2026, from 1 wellbore.
- How much is STATE PROJECTS 57-T2-47X38 worth?
- The remaining production from STATE PROJECTS 57-T2-47X38 is estimated to be worth about $2.6M in total as of 27 August 2026, within a range of $2.1M to $3.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE PROJECTS 57-T2-47X38 is a fraction of it. The estimate fits an Arps decline curve to the production STATE PROJECTS 57-T2-47X38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE PROJECTS 57-T2-47X38 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE PROJECTS 57-T2-47X38 generate in a year?
- STATE PROJECTS 57-T2-47X38 is forecast to net about $1.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE PROJECTS 57-T2-47X38 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 | 278234 |
| Wellbores | 1 |
| Reported production | 2,576,042 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.6M |
Where STATE PROJECTS 57-T2-47X38 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.