ALEXANDER STATE UNIT 58-2-24
ALEXANDER STATE UNIT 58-2-24 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Rio Oil And Gas (Permian) II,LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2023 to August 2026, totalling 4,320,969 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 $11.0M, with roughly $4.3M 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 102,498 thousand cubic feet a month. Its strongest month on the record we hold was December 2023, at 232,633 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 ALEXANDER STATE UNIT 58-2-24
- Who operates ALEXANDER STATE UNIT 58-2-24?
- ALEXANDER STATE UNIT 58-2-24 is operated by Rio Oil And Gas (Permian) II,LLC, Railroad Commission of Texas operator number 712803.
- Where is ALEXANDER STATE UNIT 58-2-24?
- ALEXANDER STATE UNIT 58-2-24 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 296822.
- Is ALEXANDER STATE UNIT 58-2-24 still producing?
- ALEXANDER STATE UNIT 58-2-24 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ALEXANDER STATE UNIT 58-2-24 is August 2026.
- How much has ALEXANDER STATE UNIT 58-2-24 produced?
- ALEXANDER STATE UNIT 58-2-24 has reported 4,320,969 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2023 and August 2026, from 1 wellbore.
- How much is ALEXANDER STATE UNIT 58-2-24 worth?
- The remaining production from ALEXANDER STATE UNIT 58-2-24 is estimated to be worth about $11.0M in total as of 26 August 2026, within a range of $9.1M to $13.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ALEXANDER STATE UNIT 58-2-24 is a fraction of it. The estimate fits an Arps decline curve to the production ALEXANDER STATE UNIT 58-2-24 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ALEXANDER STATE UNIT 58-2-24 is an estimate of value, not an offer and not an appraisal.
- How much income does ALEXANDER STATE UNIT 58-2-24 generate in a year?
- ALEXANDER STATE UNIT 58-2-24 is forecast to net about $4.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ALEXANDER STATE UNIT 58-2-24 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rio Oil And Gas (Permian) II,LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 296822 |
| Wellbores | 1 |
| Reported production | 4,320,969 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.0M |
Where ALEXANDER STATE UNIT 58-2-24 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.