BONSAI STATE UNIT
BONSAI STATE UNIT is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 2020 to August 2026, totalling 10,549,608 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 $3.8M, with roughly $1.1M 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 57,814 thousand cubic feet a month. Its strongest month on the record we hold was July 2020, at 338,334 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 BONSAI STATE UNIT
- Who operates BONSAI STATE UNIT?
- BONSAI STATE UNIT is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is BONSAI STATE UNIT?
- BONSAI STATE UNIT is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 290292.
- Is BONSAI STATE UNIT still producing?
- BONSAI STATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BONSAI STATE UNIT is August 2026.
- How much has BONSAI STATE UNIT produced?
- BONSAI STATE UNIT has reported 10,549,608 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2020 and August 2026, from 1 wellbore.
- How much is BONSAI STATE UNIT worth?
- The remaining production from BONSAI STATE UNIT is estimated to be worth about $3.8M in total as of 27 August 2026, within a range of $3.1M to $4.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BONSAI STATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production BONSAI STATE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BONSAI STATE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does BONSAI STATE UNIT generate in a year?
- BONSAI STATE UNIT is forecast to net about $1.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BONSAI STATE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Alpine High (Cons) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 290292 |
| Wellbores | 1 |
| Reported production | 10,549,608 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.8M |
Where BONSAI STATE UNIT 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.