HORSESHOESPRINGSSTATE113-24X1
HORSESHOESPRINGSSTATE113-24X1 is a Texas gas lease in Culberson County, Railroad Commission district 08, operated by BHP Billiton Pet(Txla Op) Co. It has 1 wellbore on file with the Commission. Reported production runs from April 2015 to August 2026, totalling 2,045,594 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 $7.8M, with roughly $1.6M 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 19,211 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 36,815 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 HORSESHOESPRINGSSTATE113-24X1
- Who operates HORSESHOESPRINGSSTATE113-24X1?
- HORSESHOESPRINGSSTATE113-24X1 is operated by BHP Billiton Pet(Txla Op) Co, Railroad Commission of Texas operator number 068596.
- Where is HORSESHOESPRINGSSTATE113-24X1?
- HORSESHOESPRINGSSTATE113-24X1 is a Texas gas lease in Culberson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 278243.
- Is HORSESHOESPRINGSSTATE113-24X1 still producing?
- HORSESHOESPRINGSSTATE113-24X1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HORSESHOESPRINGSSTATE113-24X1 is August 2026.
- How much has HORSESHOESPRINGSSTATE113-24X1 produced?
- HORSESHOESPRINGSSTATE113-24X1 has reported 2,045,594 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2015 and August 2026, from 1 wellbore.
- How much is HORSESHOESPRINGSSTATE113-24X1 worth?
- The remaining production from HORSESHOESPRINGSSTATE113-24X1 is estimated to be worth about $7.8M in total as of 27 August 2026, within a range of $6.4M to $9.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HORSESHOESPRINGSSTATE113-24X1 is a fraction of it. The estimate fits an Arps decline curve to the production HORSESHOESPRINGSSTATE113-24X1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HORSESHOESPRINGSSTATE113-24X1 is an estimate of value, not an offer and not an appraisal.
- How much income does HORSESHOESPRINGSSTATE113-24X1 generate in a year?
- HORSESHOESPRINGSSTATE113-24X1 is forecast to net about $1.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HORSESHOESPRINGSSTATE113-24X1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BHP Billiton Pet(Txla Op) Co |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Culberson County, Texas |
| RRC district | 08 |
| Lease number | 278243 |
| Wellbores | 1 |
| Reported production | 2,045,594 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.8M |
Where HORSESHOESPRINGSSTATE113-24X1 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.