ALPHA STATE
ALPHA STATE is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Conocophillips Company. It has 1 wellbore on file with the Commission. Reported production runs from July 2020 to August 2026, totalling 7,391,100 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 $36.3M, with roughly $7.8M 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 117,102 thousand cubic feet a month. Its strongest month on the record we hold was May 2022, at 272,985 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 ALPHA STATE
- Who operates ALPHA STATE?
- ALPHA STATE is operated by Conocophillips Company, Railroad Commission of Texas operator number 172232.
- Where is ALPHA STATE?
- ALPHA STATE is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 290667.
- Is ALPHA STATE still producing?
- ALPHA STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ALPHA STATE is August 2026.
- How much has ALPHA STATE produced?
- ALPHA STATE has reported 7,391,100 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2020 and August 2026, from 1 wellbore.
- How much is ALPHA STATE worth?
- The remaining production from ALPHA STATE is estimated to be worth about $36.3M in total as of 26 August 2026, within a range of $29.8M to $42.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ALPHA STATE is a fraction of it. The estimate fits an Arps decline curve to the production ALPHA STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ALPHA STATE is an estimate of value, not an offer and not an appraisal.
- How much income does ALPHA STATE generate in a year?
- ALPHA STATE is forecast to net about $7.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ALPHA STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conocophillips Company |
|---|---|
| Field | Ford, West (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 290667 |
| Wellbores | 1 |
| Reported production | 7,391,100 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $36.3M |
Where ALPHA STATE 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.