STATE CHAMP 56-T3-12X5
STATE CHAMP 56-T3-12X5 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 June 2018 to August 2026, totalling 4,583,178 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 $11.5M, with roughly $4.2M 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 37,066 thousand cubic feet a month. Its strongest month on the record we hold was October 2019, at 92,844 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 CHAMP 56-T3-12X5
- Who operates STATE CHAMP 56-T3-12X5?
- STATE CHAMP 56-T3-12X5 is operated by BHP Billiton Pet(Txla Op) Co, Railroad Commission of Texas operator number 068596.
- Where is STATE CHAMP 56-T3-12X5?
- STATE CHAMP 56-T3-12X5 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 286791.
- Is STATE CHAMP 56-T3-12X5 still producing?
- STATE CHAMP 56-T3-12X5 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE CHAMP 56-T3-12X5 is August 2026.
- How much has STATE CHAMP 56-T3-12X5 produced?
- STATE CHAMP 56-T3-12X5 has reported 4,583,178 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2018 and August 2026, from 1 wellbore.
- How much is STATE CHAMP 56-T3-12X5 worth?
- The remaining production from STATE CHAMP 56-T3-12X5 is estimated to be worth about $11.5M in total as of 26 August 2026, within a range of $9.4M to $13.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE CHAMP 56-T3-12X5 is a fraction of it. The estimate fits an Arps decline curve to the production STATE CHAMP 56-T3-12X5 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE CHAMP 56-T3-12X5 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE CHAMP 56-T3-12X5 generate in a year?
- STATE CHAMP 56-T3-12X5 is forecast to net about $4.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE CHAMP 56-T3-12X5 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 | 286791 |
| Wellbores | 1 |
| Reported production | 4,583,178 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.5M |
Where STATE CHAMP 56-T3-12X5 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.