FLEX STATE 21602 16
FLEX STATE 21602 16 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Bta Oil Producers, LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2020 to August 2026, totalling 2,637,824 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 $6.9M, with roughly $1.6M 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 17,706 thousand cubic feet a month. Its strongest month on the record we hold was October 2020, at 91,780 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 FLEX STATE 21602 16
- Who operates FLEX STATE 21602 16?
- FLEX STATE 21602 16 is operated by Bta Oil Producers, LLC, Railroad Commission of Texas operator number 041867.
- Where is FLEX STATE 21602 16?
- FLEX STATE 21602 16 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 289199.
- Is FLEX STATE 21602 16 still producing?
- FLEX STATE 21602 16 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FLEX STATE 21602 16 is August 2026.
- How much has FLEX STATE 21602 16 produced?
- FLEX STATE 21602 16 has reported 2,637,824 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2020 and August 2026, from 1 wellbore.
- How much is FLEX STATE 21602 16 worth?
- The remaining production from FLEX STATE 21602 16 is estimated to be worth about $6.9M in total as of 26 August 2026, within a range of $5.6M to $8.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FLEX STATE 21602 16 is a fraction of it. The estimate fits an Arps decline curve to the production FLEX STATE 21602 16 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FLEX STATE 21602 16 is an estimate of value, not an offer and not an appraisal.
- How much income does FLEX STATE 21602 16 generate in a year?
- FLEX STATE 21602 16 is forecast to net about $1.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FLEX STATE 21602 16 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bta Oil Producers, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 289199 |
| Wellbores | 1 |
| Reported production | 2,637,824 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.9M |
Where FLEX STATE 21602 16 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.