STATE
STATE is a Texas gas lease in Potter County, Railroad Commission district 10, operated by Anadarko Petroleum Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 2,245,708 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 $56K, with roughly $10K 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 273 thousand cubic feet a month. Its strongest month on the record we hold was June 2016, at 2,883 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
- Who operates STATE?
- STATE is operated by Anadarko Petroleum Corporation, Railroad Commission of Texas operator number 020572.
- Where is STATE?
- STATE is a Texas gas lease in Potter County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 034467.
- Is STATE still producing?
- STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE is August 2026.
- How much has STATE produced?
- STATE has reported 2,245,708 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is STATE worth?
- The remaining production from STATE is estimated to be worth about $56K in total as of 26 August 2026, within a range of $43K to $68K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE is a fraction of it. The estimate fits an Arps decline curve to the production STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE is an estimate of value, not an offer and not an appraisal.
- How much income does STATE generate in a year?
- STATE is forecast to net about $10K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Anadarko Petroleum Corporation |
|---|---|
| Field | Panhandle, West |
| County | Potter County, Texas |
| RRC district | 10 |
| Lease number | 034467 |
| Wellbores | 1 |
| Reported production | 2,245,708 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $56K |
Where STATE 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.