SNAKE EYES STATE 56-T3-12X5 BB
SNAKE EYES STATE 56-T3-12X5 BB 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 September 2025 to August 2026, totalling 286,535 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 $32.8M, with roughly $5.7M 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 35,817 thousand cubic feet a month. Its strongest month on the record we hold was April 2026, at 161,353 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 SNAKE EYES STATE 56-T3-12X5 BB
- Who operates SNAKE EYES STATE 56-T3-12X5 BB?
- SNAKE EYES STATE 56-T3-12X5 BB is operated by BPX Operating Company, Railroad Commission of Texas operator number 085408.
- Where is SNAKE EYES STATE 56-T3-12X5 BB?
- SNAKE EYES STATE 56-T3-12X5 BB is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 301242.
- Is SNAKE EYES STATE 56-T3-12X5 BB still producing?
- SNAKE EYES STATE 56-T3-12X5 BB is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SNAKE EYES STATE 56-T3-12X5 BB is August 2026.
- How much has SNAKE EYES STATE 56-T3-12X5 BB produced?
- SNAKE EYES STATE 56-T3-12X5 BB has reported 286,535 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2025 and August 2026, from 1 wellbore.
- How much is SNAKE EYES STATE 56-T3-12X5 BB worth?
- The remaining production from SNAKE EYES STATE 56-T3-12X5 BB is estimated to be worth about $32.8M in total as of 27 August 2026, within a range of $26.9M to $38.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SNAKE EYES STATE 56-T3-12X5 BB is a fraction of it. The estimate fits an Arps decline curve to the production SNAKE EYES STATE 56-T3-12X5 BB has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SNAKE EYES STATE 56-T3-12X5 BB is an estimate of value, not an offer and not an appraisal.
- How much income does SNAKE EYES STATE 56-T3-12X5 BB generate in a year?
- SNAKE EYES STATE 56-T3-12X5 BB is forecast to net about $5.7M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SNAKE EYES STATE 56-T3-12X5 BB 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 | 301242 |
| Wellbores | 1 |
| Reported production | 286,535 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $32.8M |
Where SNAKE EYES STATE 56-T3-12X5 BB 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.