CIRCE STATE 28
CIRCE STATE 28 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by WPX Energy Permian, LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2015 to August 2026, totalling 1,886,003 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 $756K, with roughly $287K 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 2,628 thousand cubic feet a month. Its strongest month on the record we hold was September 2016, at 49,824 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 CIRCE STATE 28
- Who operates CIRCE STATE 28?
- CIRCE STATE 28 is operated by WPX Energy Permian, LLC, Railroad Commission of Texas operator number 942623.
- Where is CIRCE STATE 28?
- CIRCE STATE 28 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 286372.
- Is CIRCE STATE 28 still producing?
- CIRCE STATE 28 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CIRCE STATE 28 is August 2026.
- How much has CIRCE STATE 28 produced?
- CIRCE STATE 28 has reported 1,886,003 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2015 and August 2026, from 1 wellbore.
- How much is CIRCE STATE 28 worth?
- The remaining production from CIRCE STATE 28 is estimated to be worth about $756K in total as of 26 August 2026, within a range of $628K to $885K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CIRCE STATE 28 is a fraction of it. The estimate fits an Arps decline curve to the production CIRCE STATE 28 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CIRCE STATE 28 is an estimate of value, not an offer and not an appraisal.
- How much income does CIRCE STATE 28 generate in a year?
- CIRCE STATE 28 is forecast to net about $287K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CIRCE STATE 28 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | WPX Energy Permian, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 286372 |
| Wellbores | 1 |
| Reported production | 1,886,003 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $756K |
Where CIRCE STATE 28 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.