STATE CALDWELL 57-T2-35X26 SA

STATE CALDWELL 57-T2-35X26 SA 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 September 2018 to August 2026, totalling 4,646,962 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 $15.8M, with roughly $3.2M 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 39,617 thousand cubic feet a month. Its strongest month on the record we hold was November 2018, at 118,348 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 CALDWELL 57-T2-35X26 SA

Who operates STATE CALDWELL 57-T2-35X26 SA?: STATE CALDWELL 57-T2-35X26 SA is operated by BHP Billiton Pet(Txla Op) Co, Railroad Commission of Texas operator number 068596.
Where is STATE CALDWELL 57-T2-35X26 SA?: STATE CALDWELL 57-T2-35X26 SA is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 286614.
Is STATE CALDWELL 57-T2-35X26 SA still producing?: STATE CALDWELL 57-T2-35X26 SA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE CALDWELL 57-T2-35X26 SA is August 2026.
How much has STATE CALDWELL 57-T2-35X26 SA produced?: STATE CALDWELL 57-T2-35X26 SA has reported 4,646,962 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2018 and August 2026, from 1 wellbore.
How much is STATE CALDWELL 57-T2-35X26 SA worth?: The remaining production from STATE CALDWELL 57-T2-35X26 SA is estimated to be worth about $15.8M in total as of 27 August 2026, within a range of $13.0M to $18.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE CALDWELL 57-T2-35X26 SA is a fraction of it. The estimate fits an Arps decline curve to the production STATE CALDWELL 57-T2-35X26 SA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE CALDWELL 57-T2-35X26 SA is an estimate of value, not an offer and not an appraisal.
How much income does STATE CALDWELL 57-T2-35X26 SA generate in a year?: STATE CALDWELL 57-T2-35X26 SA is forecast to net about $3.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE CALDWELL 57-T2-35X26 SA receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

STATE CALDWELL 57-T2-35X26 SA as filed with the Railroad Commission of Texas
Operator	BHP Billiton Pet(Txla Op) Co
Field	Phantom (Wolfcamp)
County	Reeves County, Texas
RRC district	08
Lease number	286614
Wellbores	1
Reported production	4,646,962 mcf
First reported	September 2018
Last reported	August 2026
Estimated royalty value	$15.8M

Where STATE CALDWELL 57-T2-35X26 SA sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.