BROWN STATE 56-T3-2
BROWN STATE 56-T3-2 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by BHP Billiton Pet(Txla Op) Co. It has 1 wellbore on file with the Commission. Reported production runs from December 2014 to August 2026, totalling 341,341 barrels. 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 $5.7M, with roughly $1.2M 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 1,477 barrels a month. Its strongest month on the record we hold was December 2016, at 4,960 barrels. 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 BROWN STATE 56-T3-2
- Who operates BROWN STATE 56-T3-2?
- BROWN STATE 56-T3-2 is operated by BHP Billiton Pet(Txla Op) Co, Railroad Commission of Texas operator number 068596.
- Where is BROWN STATE 56-T3-2?
- BROWN STATE 56-T3-2 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46970.
- Is BROWN STATE 56-T3-2 still producing?
- BROWN STATE 56-T3-2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BROWN STATE 56-T3-2 is August 2026.
- How much has BROWN STATE 56-T3-2 produced?
- BROWN STATE 56-T3-2 has reported 341,341 barrels of oil (bbl) to the Railroad Commission of Texas between December 2014 and August 2026, from 1 wellbore.
- How much is BROWN STATE 56-T3-2 worth?
- The remaining production from BROWN STATE 56-T3-2 is estimated to be worth about $5.7M in total as of 27 August 2026, within a range of $4.7M to $6.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BROWN STATE 56-T3-2 is a fraction of it. The estimate fits an Arps decline curve to the production BROWN STATE 56-T3-2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BROWN STATE 56-T3-2 is an estimate of value, not an offer and not an appraisal.
- How much income does BROWN STATE 56-T3-2 generate in a year?
- BROWN STATE 56-T3-2 is forecast to net about $1.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BROWN STATE 56-T3-2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BHP Billiton Pet(Txla Op) Co |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 46970 |
| Wellbores | 1 |
| Reported production | 341,341 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.7M |
Where BROWN STATE 56-T3-2 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.