STATE GALILEO
STATE GALILEO is a Texas gas lease in Loving County, Railroad Commission district 08, operated by Eog Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2015 to August 2026, totalling 1,484,264 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 $648K, with roughly $281K 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 3,942 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 36,950 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 GALILEO
- Who operates STATE GALILEO?
- STATE GALILEO is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is STATE GALILEO?
- STATE GALILEO is a Texas gas lease in Loving County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 285233.
- Is STATE GALILEO still producing?
- STATE GALILEO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE GALILEO is August 2026.
- How much has STATE GALILEO produced?
- STATE GALILEO has reported 1,484,264 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2015 and August 2026, from 1 wellbore.
- How much is STATE GALILEO worth?
- The remaining production from STATE GALILEO is estimated to be worth about $648K in total as of 26 August 2026, within a range of $538K to $758K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE GALILEO is a fraction of it. The estimate fits an Arps decline curve to the production STATE GALILEO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE GALILEO is an estimate of value, not an offer and not an appraisal.
- How much income does STATE GALILEO generate in a year?
- STATE GALILEO is forecast to net about $281K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE GALILEO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Sandbar (Bone Spring) |
| County | Loving County, Texas |
| RRC district | 08 |
| Lease number | 285233 |
| Wellbores | 1 |
| Reported production | 1,484,264 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $648K |
Where STATE GALILEO 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.