BETTS 54-4-24
BETTS 54-4-24 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Anadarko E&P Onshore LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2018 to August 2026, totalling 604,514 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 $968K, with roughly $423K 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 3,574 thousand cubic feet a month. Its strongest month on the record we hold was July 2018, at 17,536 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 BETTS 54-4-24
- Who operates BETTS 54-4-24?
- BETTS 54-4-24 is operated by Anadarko E&P Onshore LLC, Railroad Commission of Texas operator number 020528.
- Where is BETTS 54-4-24?
- BETTS 54-4-24 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 285101.
- Is BETTS 54-4-24 still producing?
- BETTS 54-4-24 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BETTS 54-4-24 is August 2026.
- How much has BETTS 54-4-24 produced?
- BETTS 54-4-24 has reported 604,514 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2018 and August 2026, from 1 wellbore.
- How much is BETTS 54-4-24 worth?
- The remaining production from BETTS 54-4-24 is estimated to be worth about $968K in total as of 27 August 2026, within a range of $804K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BETTS 54-4-24 is a fraction of it. The estimate fits an Arps decline curve to the production BETTS 54-4-24 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BETTS 54-4-24 is an estimate of value, not an offer and not an appraisal.
- How much income does BETTS 54-4-24 generate in a year?
- BETTS 54-4-24 is forecast to net about $423K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BETTS 54-4-24 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Anadarko E&P Onshore LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 285101 |
| Wellbores | 1 |
| Reported production | 604,514 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $968K |
Where BETTS 54-4-24 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.