JOBE STATE 2-1
JOBE STATE 2-1 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Tarpon Resources, LP. It has 1 wellbore on file with the Commission. Reported production runs from May 2025 to August 2026, totalling 1,907,284 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 $3.8M, with roughly $1.1M 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 158,940 thousand cubic feet a month. Its strongest month on the record we hold was June 2025, at 321,080 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 JOBE STATE 2-1
- Who operates JOBE STATE 2-1?
- JOBE STATE 2-1 is operated by Tarpon Resources, LP, Railroad Commission of Texas operator number 101006.
- Where is JOBE STATE 2-1?
- JOBE STATE 2-1 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 301120.
- Is JOBE STATE 2-1 still producing?
- JOBE STATE 2-1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JOBE STATE 2-1 is August 2026.
- How much has JOBE STATE 2-1 produced?
- JOBE STATE 2-1 has reported 1,907,284 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2025 and August 2026, from 1 wellbore.
- How much is JOBE STATE 2-1 worth?
- The remaining production from JOBE STATE 2-1 is estimated to be worth about $3.8M in total as of 27 August 2026, within a range of $3.1M to $4.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JOBE STATE 2-1 is a fraction of it. The estimate fits an Arps decline curve to the production JOBE STATE 2-1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JOBE STATE 2-1 is an estimate of value, not an offer and not an appraisal.
- How much income does JOBE STATE 2-1 generate in a year?
- JOBE STATE 2-1 is forecast to net about $1.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JOBE STATE 2-1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Tarpon Resources, LP |
|---|---|
| Field | Alpine High (Cons) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 301120 |
| Wellbores | 1 |
| Reported production | 1,907,284 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.8M |
Where JOBE STATE 2-1 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.