STATE LEE WAY 57-T2-10X3 2E
STATE LEE WAY 57-T2-10X3 2E 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 2025 to August 2026, totalling 5,240 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 $18K, with roughly $7K 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 873 thousand cubic feet a month. Its strongest month on the record we hold was April 2026, at 5,213 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 LEE WAY 57-T2-10X3 2E
- Who operates STATE LEE WAY 57-T2-10X3 2E?
- STATE LEE WAY 57-T2-10X3 2E is operated by BPX Operating Company, Railroad Commission of Texas operator number 085408.
- Where is STATE LEE WAY 57-T2-10X3 2E?
- STATE LEE WAY 57-T2-10X3 2E is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 301276.
- Is STATE LEE WAY 57-T2-10X3 2E still producing?
- STATE LEE WAY 57-T2-10X3 2E is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STATE LEE WAY 57-T2-10X3 2E is August 2026.
- How much has STATE LEE WAY 57-T2-10X3 2E produced?
- STATE LEE WAY 57-T2-10X3 2E has reported 5,240 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2025 and August 2026, from 1 wellbore.
- How much is STATE LEE WAY 57-T2-10X3 2E worth?
- The remaining production from STATE LEE WAY 57-T2-10X3 2E is estimated to be worth about $18K in total as of 27 August 2026, within a range of $14K to $22K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE LEE WAY 57-T2-10X3 2E is a fraction of it. The estimate fits an Arps decline curve to the production STATE LEE WAY 57-T2-10X3 2E has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE LEE WAY 57-T2-10X3 2E is an estimate of value, not an offer and not an appraisal.
- How much income does STATE LEE WAY 57-T2-10X3 2E generate in a year?
- STATE LEE WAY 57-T2-10X3 2E is forecast to net about $7K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE LEE WAY 57-T2-10X3 2E receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BPX Operating Company |
|---|---|
| Field | Sandbar (Bone Spring) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 301276 |
| Wellbores | 1 |
| Reported production | 5,240 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $18K |
Where STATE LEE WAY 57-T2-10X3 2E 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.