STATE ANNEX 57-T2-28
STATE ANNEX 57-T2-28 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 August 2021 to August 2026, totalling 1,623,111 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 $772K, with roughly $469K 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 16,068 thousand cubic feet a month. Its strongest month on the record we hold was September 2021, at 133,536 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 ANNEX 57-T2-28
- Who operates STATE ANNEX 57-T2-28?
- STATE ANNEX 57-T2-28 is operated by BPX Operating Company, Railroad Commission of Texas operator number 085408.
- Where is STATE ANNEX 57-T2-28?
- STATE ANNEX 57-T2-28 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 292067.
- Is STATE ANNEX 57-T2-28 still producing?
- STATE ANNEX 57-T2-28 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE ANNEX 57-T2-28 is August 2026.
- How much has STATE ANNEX 57-T2-28 produced?
- STATE ANNEX 57-T2-28 has reported 1,623,111 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2021 and August 2026, from 1 wellbore.
- How much is STATE ANNEX 57-T2-28 worth?
- The remaining production from STATE ANNEX 57-T2-28 is estimated to be worth about $772K in total as of 27 August 2026, within a range of $633K to $911K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE ANNEX 57-T2-28 is a fraction of it. The estimate fits an Arps decline curve to the production STATE ANNEX 57-T2-28 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE ANNEX 57-T2-28 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE ANNEX 57-T2-28 generate in a year?
- STATE ANNEX 57-T2-28 is forecast to net about $469K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE ANNEX 57-T2-28 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 | 292067 |
| Wellbores | 1 |
| Reported production | 1,623,111 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $772K |
Where STATE ANNEX 57-T2-28 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.