BLAKE STATE 15-22
BLAKE STATE 15-22 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Rio Oil And Gas (Permian) II,LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2022 to August 2026, totalling 5,986,306 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 $14.2M, with roughly $3.2M 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 105,540 thousand cubic feet a month. Its strongest month on the record we hold was February 2023, at 268,918 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 BLAKE STATE 15-22
- Who operates BLAKE STATE 15-22?
- BLAKE STATE 15-22 is operated by Rio Oil And Gas (Permian) II,LLC, Railroad Commission of Texas operator number 712803.
- Where is BLAKE STATE 15-22?
- BLAKE STATE 15-22 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 294899.
- Is BLAKE STATE 15-22 still producing?
- BLAKE STATE 15-22 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BLAKE STATE 15-22 is August 2026.
- How much has BLAKE STATE 15-22 produced?
- BLAKE STATE 15-22 has reported 5,986,306 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2022 and August 2026, from 1 wellbore.
- How much is BLAKE STATE 15-22 worth?
- The remaining production from BLAKE STATE 15-22 is estimated to be worth about $14.2M in total as of 27 August 2026, within a range of $11.7M to $16.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BLAKE STATE 15-22 is a fraction of it. The estimate fits an Arps decline curve to the production BLAKE STATE 15-22 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BLAKE STATE 15-22 is an estimate of value, not an offer and not an appraisal.
- How much income does BLAKE STATE 15-22 generate in a year?
- BLAKE STATE 15-22 is forecast to net about $3.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BLAKE STATE 15-22 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rio Oil And Gas (Permian) II,LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 294899 |
| Wellbores | 1 |
| Reported production | 5,986,306 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $14.2M |
Where BLAKE STATE 15-22 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.