STATE DESERT 55-T2-18
STATE DESERT 55-T2-18 is a Texas gas lease in Loving 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 July 2014 to August 2026, totalling 1,618,706 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 $7.5M, 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 8,893 thousand cubic feet a month. Its strongest month on the record we hold was February 2017, at 20,605 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 DESERT 55-T2-18
- Who operates STATE DESERT 55-T2-18?
- STATE DESERT 55-T2-18 is operated by BHP Billiton Pet(Txla Op) Co, Railroad Commission of Texas operator number 068596.
- Where is STATE DESERT 55-T2-18?
- STATE DESERT 55-T2-18 is a Texas gas lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 278922.
- Is STATE DESERT 55-T2-18 still producing?
- STATE DESERT 55-T2-18 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE DESERT 55-T2-18 is August 2026.
- How much has STATE DESERT 55-T2-18 produced?
- STATE DESERT 55-T2-18 has reported 1,618,706 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2014 and August 2026, from 1 wellbore.
- How much is STATE DESERT 55-T2-18 worth?
- The remaining production from STATE DESERT 55-T2-18 is estimated to be worth about $7.5M in total as of 27 August 2026, within a range of $6.2M to $8.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE DESERT 55-T2-18 is a fraction of it. The estimate fits an Arps decline curve to the production STATE DESERT 55-T2-18 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE DESERT 55-T2-18 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE DESERT 55-T2-18 generate in a year?
- STATE DESERT 55-T2-18 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 STATE DESERT 55-T2-18 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 | Loving County, Texas |
| RRC district | 08 |
| Lease number | 278922 |
| Wellbores | 1 |
| Reported production | 1,618,706 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.5M |
Where STATE DESERT 55-T2-18 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.