STATE MJ MCGARY 56-T2-32
STATE MJ MCGARY 56-T2-32 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by BPX Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from June 2021 to August 2026, totalling 2,443,419 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 $1.7M, with roughly $863K 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 21,134 thousand cubic feet a month. Its strongest month on the record we hold was July 2021, at 112,820 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 MJ MCGARY 56-T2-32
- Who operates STATE MJ MCGARY 56-T2-32?
- STATE MJ MCGARY 56-T2-32 is operated by BPX Operating Company, Railroad Commission of Texas operator number 085408.
- Where is STATE MJ MCGARY 56-T2-32?
- STATE MJ MCGARY 56-T2-32 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 291681.
- Is STATE MJ MCGARY 56-T2-32 still producing?
- STATE MJ MCGARY 56-T2-32 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE MJ MCGARY 56-T2-32 is August 2026.
- How much has STATE MJ MCGARY 56-T2-32 produced?
- STATE MJ MCGARY 56-T2-32 has reported 2,443,419 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2021 and August 2026, from 1 wellbore.
- How much is STATE MJ MCGARY 56-T2-32 worth?
- The remaining production from STATE MJ MCGARY 56-T2-32 is estimated to be worth about $1.7M in total as of 27 August 2026, within a range of $1.4M to $2.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE MJ MCGARY 56-T2-32 is a fraction of it. The estimate fits an Arps decline curve to the production STATE MJ MCGARY 56-T2-32 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE MJ MCGARY 56-T2-32 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE MJ MCGARY 56-T2-32 generate in a year?
- STATE MJ MCGARY 56-T2-32 is forecast to net about $863K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE MJ MCGARY 56-T2-32 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BPX Operating Company |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 291681 |
| Wellbores | 1 |
| Reported production | 2,443,419 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.7M |
Where STATE MJ MCGARY 56-T2-32 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.