STATE PROJECTS 57-T2-47X2
STATE PROJECTS 57-T2-47X2 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 May 2024 to August 2026, totalling 709,506 thousand cubic feet. The lease is intermittent. 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 $8.0M, with roughly $2.9M 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 36,874 thousand cubic feet a month. Its strongest month on the record we hold was March 2025, at 81,090 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 PROJECTS 57-T2-47X2
- Who operates STATE PROJECTS 57-T2-47X2?
- STATE PROJECTS 57-T2-47X2 is operated by BPX Operating Company, Railroad Commission of Texas operator number 085408.
- Where is STATE PROJECTS 57-T2-47X2?
- STATE PROJECTS 57-T2-47X2 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 298873.
- Is STATE PROJECTS 57-T2-47X2 still producing?
- STATE PROJECTS 57-T2-47X2 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STATE PROJECTS 57-T2-47X2 is August 2026.
- How much has STATE PROJECTS 57-T2-47X2 produced?
- STATE PROJECTS 57-T2-47X2 has reported 709,506 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2024 and August 2026, from 1 wellbore.
- How much is STATE PROJECTS 57-T2-47X2 worth?
- The remaining production from STATE PROJECTS 57-T2-47X2 is estimated to be worth about $8.0M in total as of 26 August 2026, within a range of $6.5M to $9.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE PROJECTS 57-T2-47X2 is a fraction of it. The estimate fits an Arps decline curve to the production STATE PROJECTS 57-T2-47X2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE PROJECTS 57-T2-47X2 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE PROJECTS 57-T2-47X2 generate in a year?
- STATE PROJECTS 57-T2-47X2 is forecast to net about $2.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE PROJECTS 57-T2-47X2 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 | 298873 |
| Wellbores | 1 |
| Reported production | 709,506 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.0M |
Where STATE PROJECTS 57-T2-47X2 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.