FIVER STATE 18
FIVER STATE 18 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Rki Exploration & Production LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2017 to August 2026, totalling 2,271,817 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 $5.5M, with roughly $1.3M 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 12,529 thousand cubic feet a month. Its strongest month on the record we hold was August 2017, at 84,105 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 FIVER STATE 18
- Who operates FIVER STATE 18?
- FIVER STATE 18 is operated by Rki Exploration & Production LLC, Railroad Commission of Texas operator number 714221.
- Where is FIVER STATE 18?
- FIVER STATE 18 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 283260.
- Is FIVER STATE 18 still producing?
- FIVER STATE 18 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FIVER STATE 18 is August 2026.
- How much has FIVER STATE 18 produced?
- FIVER STATE 18 has reported 2,271,817 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2017 and August 2026, from 1 wellbore.
- How much is FIVER STATE 18 worth?
- The remaining production from FIVER STATE 18 is estimated to be worth about $5.5M in total as of 26 August 2026, within a range of $4.5M to $6.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FIVER STATE 18 is a fraction of it. The estimate fits an Arps decline curve to the production FIVER STATE 18 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FIVER STATE 18 is an estimate of value, not an offer and not an appraisal.
- How much income does FIVER STATE 18 generate in a year?
- FIVER STATE 18 is forecast to net about $1.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FIVER STATE 18 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rki Exploration & Production LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 283260 |
| Wellbores | 1 |
| Reported production | 2,271,817 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.5M |
Where FIVER STATE 18 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.