OLD MONARCH STATE 12
OLD MONARCH STATE 12 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by PDC Permian, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2021 to August 2026, totalling 1,056,605 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 $2.9M, with roughly $779K 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 6,669 thousand cubic feet a month. Its strongest month on the record we hold was March 2022, at 107,871 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 OLD MONARCH STATE 12
- Who operates OLD MONARCH STATE 12?
- OLD MONARCH STATE 12 is operated by PDC Permian, Inc., Railroad Commission of Texas operator number 646832.
- Where is OLD MONARCH STATE 12?
- OLD MONARCH STATE 12 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 293053.
- Is OLD MONARCH STATE 12 still producing?
- OLD MONARCH STATE 12 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OLD MONARCH STATE 12 is August 2026.
- How much has OLD MONARCH STATE 12 produced?
- OLD MONARCH STATE 12 has reported 1,056,605 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2021 and August 2026, from 1 wellbore.
- How much is OLD MONARCH STATE 12 worth?
- The remaining production from OLD MONARCH STATE 12 is estimated to be worth about $2.9M in total as of 26 August 2026, within a range of $2.4M to $3.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OLD MONARCH STATE 12 is a fraction of it. The estimate fits an Arps decline curve to the production OLD MONARCH STATE 12 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OLD MONARCH STATE 12 is an estimate of value, not an offer and not an appraisal.
- How much income does OLD MONARCH STATE 12 generate in a year?
- OLD MONARCH STATE 12 is forecast to net about $779K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OLD MONARCH STATE 12 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | PDC Permian, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 293053 |
| Wellbores | 1 |
| Reported production | 1,056,605 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.9M |
Where OLD MONARCH STATE 12 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.