MONROE STATE 32
MONROE STATE 32 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 April 2015 to August 2026, totalling 1,495,080 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 $535K, with roughly $169K 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 2,732 thousand cubic feet a month. Its strongest month on the record we hold was October 2016, at 29,859 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 MONROE STATE 32
- Who operates MONROE STATE 32?
- MONROE STATE 32 is operated by WPX Energy Permian, LLC, Railroad Commission of Texas operator number 942623.
- Where is MONROE STATE 32?
- MONROE STATE 32 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 286689.
- Is MONROE STATE 32 still producing?
- MONROE STATE 32 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MONROE STATE 32 is August 2026.
- How much has MONROE STATE 32 produced?
- MONROE STATE 32 has reported 1,495,080 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2015 and August 2026, from 1 wellbore.
- How much is MONROE STATE 32 worth?
- The remaining production from MONROE STATE 32 is estimated to be worth about $535K in total as of 26 August 2026, within a range of $444K to $626K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MONROE STATE 32 is a fraction of it. The estimate fits an Arps decline curve to the production MONROE STATE 32 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MONROE STATE 32 is an estimate of value, not an offer and not an appraisal.
- How much income does MONROE STATE 32 generate in a year?
- MONROE STATE 32 is forecast to net about $169K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MONROE STATE 32 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 | 286689 |
| Wellbores | 1 |
| Reported production | 1,495,080 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $535K |
Where MONROE STATE 32 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.