STATE LEE WAY 57-T2-10X3 O
STATE LEE WAY 57-T2-10X3 O 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 January 2023 to August 2026, totalling 1,905,234 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 $20.3M, with roughly $4.2M 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 39,180 thousand cubic feet a month. Its strongest month on the record we hold was October 2023, at 156,528 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 LEE WAY 57-T2-10X3 O
- Who operates STATE LEE WAY 57-T2-10X3 O?
- STATE LEE WAY 57-T2-10X3 O is operated by BPX Operating Company, Railroad Commission of Texas operator number 085408.
- Where is STATE LEE WAY 57-T2-10X3 O?
- STATE LEE WAY 57-T2-10X3 O is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 296137.
- Is STATE LEE WAY 57-T2-10X3 O still producing?
- STATE LEE WAY 57-T2-10X3 O is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE LEE WAY 57-T2-10X3 O is August 2026.
- How much has STATE LEE WAY 57-T2-10X3 O produced?
- STATE LEE WAY 57-T2-10X3 O has reported 1,905,234 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2023 and August 2026, from 1 wellbore.
- How much is STATE LEE WAY 57-T2-10X3 O worth?
- The remaining production from STATE LEE WAY 57-T2-10X3 O is estimated to be worth about $20.3M in total as of 26 August 2026, within a range of $16.7M to $24.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE LEE WAY 57-T2-10X3 O is a fraction of it. The estimate fits an Arps decline curve to the production STATE LEE WAY 57-T2-10X3 O has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE LEE WAY 57-T2-10X3 O is an estimate of value, not an offer and not an appraisal.
- How much income does STATE LEE WAY 57-T2-10X3 O generate in a year?
- STATE LEE WAY 57-T2-10X3 O is forecast to net about $4.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE LEE WAY 57-T2-10X3 O 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 | 296137 |
| Wellbores | 1 |
| Reported production | 1,905,234 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $20.3M |
Where STATE LEE WAY 57-T2-10X3 O 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.