RIO STATE 57-T2-34X27 O
RIO STATE 57-T2-34X27 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 November 2023 to August 2026, totalling 2,206,206 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 $20.4M, with roughly $5.6M 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 72,108 thousand cubic feet a month. Its strongest month on the record we hold was September 2024, at 167,275 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 RIO STATE 57-T2-34X27 O
- Who operates RIO STATE 57-T2-34X27 O?
- RIO STATE 57-T2-34X27 O is operated by BPX Operating Company, Railroad Commission of Texas operator number 085408.
- Where is RIO STATE 57-T2-34X27 O?
- RIO STATE 57-T2-34X27 O is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 297940.
- Is RIO STATE 57-T2-34X27 O still producing?
- RIO STATE 57-T2-34X27 O is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RIO STATE 57-T2-34X27 O is August 2026.
- How much has RIO STATE 57-T2-34X27 O produced?
- RIO STATE 57-T2-34X27 O has reported 2,206,206 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2023 and August 2026, from 1 wellbore.
- How much is RIO STATE 57-T2-34X27 O worth?
- The remaining production from RIO STATE 57-T2-34X27 O is estimated to be worth about $20.4M in total as of 26 August 2026, within a range of $16.7M to $24.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RIO STATE 57-T2-34X27 O is a fraction of it. The estimate fits an Arps decline curve to the production RIO STATE 57-T2-34X27 O has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RIO STATE 57-T2-34X27 O is an estimate of value, not an offer and not an appraisal.
- How much income does RIO STATE 57-T2-34X27 O generate in a year?
- RIO STATE 57-T2-34X27 O is forecast to net about $5.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RIO STATE 57-T2-34X27 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 | 297940 |
| Wellbores | 1 |
| Reported production | 2,206,206 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $20.4M |
Where RIO STATE 57-T2-34X27 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.