STATE FOUR QUEENS 56-T3-14X23 YC
STATE FOUR QUEENS 56-T3-14X23 YC 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 2024 to August 2026, totalling 989,084 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 $26.6M, with roughly $8.0M 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 78,663 thousand cubic feet a month. Its strongest month on the record we hold was June 2025, at 139,746 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 FOUR QUEENS 56-T3-14X23 YC
- Who operates STATE FOUR QUEENS 56-T3-14X23 YC?
- STATE FOUR QUEENS 56-T3-14X23 YC is operated by BPX Operating Company, Railroad Commission of Texas operator number 085408.
- Where is STATE FOUR QUEENS 56-T3-14X23 YC?
- STATE FOUR QUEENS 56-T3-14X23 YC is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 299531.
- Is STATE FOUR QUEENS 56-T3-14X23 YC still producing?
- STATE FOUR QUEENS 56-T3-14X23 YC is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STATE FOUR QUEENS 56-T3-14X23 YC is August 2026.
- How much has STATE FOUR QUEENS 56-T3-14X23 YC produced?
- STATE FOUR QUEENS 56-T3-14X23 YC has reported 989,084 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2024 and August 2026, from 1 wellbore.
- How much is STATE FOUR QUEENS 56-T3-14X23 YC worth?
- The remaining production from STATE FOUR QUEENS 56-T3-14X23 YC is estimated to be worth about $26.6M in total as of 26 August 2026, within a range of $21.9M to $31.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE FOUR QUEENS 56-T3-14X23 YC is a fraction of it. The estimate fits an Arps decline curve to the production STATE FOUR QUEENS 56-T3-14X23 YC has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE FOUR QUEENS 56-T3-14X23 YC is an estimate of value, not an offer and not an appraisal.
- How much income does STATE FOUR QUEENS 56-T3-14X23 YC generate in a year?
- STATE FOUR QUEENS 56-T3-14X23 YC is forecast to net about $8.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE FOUR QUEENS 56-T3-14X23 YC 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 | 299531 |
| Wellbores | 1 |
| Reported production | 989,084 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $26.6M |
Where STATE FOUR QUEENS 56-T3-14X23 YC 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.