PINE STATE
PINE STATE is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from October 2018 to August 2026, totalling 10,956,472 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 $435K, with roughly $296K 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 38,989 thousand cubic feet a month. Its strongest month on the record we hold was December 2018, at 446,891 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 PINE STATE
- Who operates PINE STATE?
- PINE STATE is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is PINE STATE?
- PINE STATE is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 286709.
- Is PINE STATE still producing?
- PINE STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PINE STATE is August 2026.
- How much has PINE STATE produced?
- PINE STATE has reported 10,956,472 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2018 and August 2026, from 1 wellbore.
- How much is PINE STATE worth?
- The remaining production from PINE STATE is estimated to be worth about $435K in total as of 27 August 2026, within a range of $357K to $514K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PINE STATE is a fraction of it. The estimate fits an Arps decline curve to the production PINE STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PINE STATE is an estimate of value, not an offer and not an appraisal.
- How much income does PINE STATE generate in a year?
- PINE STATE is forecast to net about $296K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PINE STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Alpine High (Cons) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 286709 |
| Wellbores | 1 |
| Reported production | 10,956,472 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $435K |
Where PINE STATE 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.