PAPPY VAN WINKLE STATE 20-23
PAPPY VAN WINKLE STATE 20-23 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Colgate Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2021 to August 2026, totalling 5,103,935 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 $10.3M, with roughly $3.4M 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 63,098 thousand cubic feet a month. Its strongest month on the record we hold was August 2022, at 338,259 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 PAPPY VAN WINKLE STATE 20-23
- Who operates PAPPY VAN WINKLE STATE 20-23?
- PAPPY VAN WINKLE STATE 20-23 is operated by Colgate Operating, LLC, Railroad Commission of Texas operator number 167327.
- Where is PAPPY VAN WINKLE STATE 20-23?
- PAPPY VAN WINKLE STATE 20-23 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 293081.
- Is PAPPY VAN WINKLE STATE 20-23 still producing?
- PAPPY VAN WINKLE STATE 20-23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAPPY VAN WINKLE STATE 20-23 is August 2026.
- How much has PAPPY VAN WINKLE STATE 20-23 produced?
- PAPPY VAN WINKLE STATE 20-23 has reported 5,103,935 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2021 and August 2026, from 1 wellbore.
- How much is PAPPY VAN WINKLE STATE 20-23 worth?
- The remaining production from PAPPY VAN WINKLE STATE 20-23 is estimated to be worth about $10.3M in total as of 27 August 2026, within a range of $8.5M to $12.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAPPY VAN WINKLE STATE 20-23 is a fraction of it. The estimate fits an Arps decline curve to the production PAPPY VAN WINKLE STATE 20-23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAPPY VAN WINKLE STATE 20-23 is an estimate of value, not an offer and not an appraisal.
- How much income does PAPPY VAN WINKLE STATE 20-23 generate in a year?
- PAPPY VAN WINKLE STATE 20-23 is forecast to net about $3.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PAPPY VAN WINKLE STATE 20-23 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Colgate Operating, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 293081 |
| Wellbores | 1 |
| Reported production | 5,103,935 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.3M |
Where PAPPY VAN WINKLE STATE 20-23 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.