TETON 56-2-23
TETON 56-2-23 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Anadarko E&P Onshore LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2015 to August 2026, totalling 1,321,697 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 $993K 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 4,499 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 47,586 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 TETON 56-2-23
- Who operates TETON 56-2-23?
- TETON 56-2-23 is operated by Anadarko E&P Onshore LLC, Railroad Commission of Texas operator number 020528.
- Where is TETON 56-2-23?
- TETON 56-2-23 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 279042.
- Is TETON 56-2-23 still producing?
- TETON 56-2-23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TETON 56-2-23 is August 2026.
- How much has TETON 56-2-23 produced?
- TETON 56-2-23 has reported 1,321,697 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2015 and August 2026, from 1 wellbore.
- How much is TETON 56-2-23 worth?
- The remaining production from TETON 56-2-23 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 TETON 56-2-23 is a fraction of it. The estimate fits an Arps decline curve to the production TETON 56-2-23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TETON 56-2-23 is an estimate of value, not an offer and not an appraisal.
- How much income does TETON 56-2-23 generate in a year?
- TETON 56-2-23 is forecast to net about $993K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TETON 56-2-23 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Anadarko E&P Onshore LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 279042 |
| Wellbores | 1 |
| Reported production | 1,321,697 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.6M |
Where TETON 56-2-23 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.