GROVE STATE 72-21
GROVE STATE 72-21 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2008 to August 2026, totalling 2,391,019 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 $6K, with roughly $757 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 23 thousand cubic feet a month. Its strongest month on the record we hold was June 2016, at 11,696 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 GROVE STATE 72-21
- Who operates GROVE STATE 72-21?
- GROVE STATE 72-21 is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is GROVE STATE 72-21?
- GROVE STATE 72-21 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 245271.
- Is GROVE STATE 72-21 still producing?
- GROVE STATE 72-21 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GROVE STATE 72-21 is August 2026.
- How much has GROVE STATE 72-21 produced?
- GROVE STATE 72-21 has reported 2,391,019 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2008 and August 2026, from 1 wellbore.
- How much is GROVE STATE 72-21 worth?
- The remaining production from GROVE STATE 72-21 is estimated to be worth about $6K in total as of 27 August 2026, within a range of $3K to $9K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GROVE STATE 72-21 is a fraction of it. The estimate fits an Arps decline curve to the production GROVE STATE 72-21 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GROVE STATE 72-21 is an estimate of value, not an offer and not an appraisal.
- How much income does GROVE STATE 72-21 generate in a year?
- GROVE STATE 72-21 is forecast to net about $757 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GROVE STATE 72-21 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Toyah, NW (Shale) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 245271 |
| Wellbores | 1 |
| Reported production | 2,391,019 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $6K |
Where GROVE STATE 72-21 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.