PIVOT 21602 34
PIVOT 21602 34 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Bta Oil Producers, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2023 to August 2026, totalling 470,079 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 $1.6M 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 9,506 thousand cubic feet a month. Its strongest month on the record we hold was January 2024, at 62,361 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 PIVOT 21602 34
- Who operates PIVOT 21602 34?
- PIVOT 21602 34 is operated by Bta Oil Producers, LLC, Railroad Commission of Texas operator number 041867.
- Where is PIVOT 21602 34?
- PIVOT 21602 34 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 296698.
- Is PIVOT 21602 34 still producing?
- PIVOT 21602 34 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIVOT 21602 34 is August 2026.
- How much has PIVOT 21602 34 produced?
- PIVOT 21602 34 has reported 470,079 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2023 and August 2026, from 1 wellbore.
- How much is PIVOT 21602 34 worth?
- The remaining production from PIVOT 21602 34 is estimated to be worth about $5.5M in total as of 27 August 2026, within a range of $4.5M to $6.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIVOT 21602 34 is a fraction of it. The estimate fits an Arps decline curve to the production PIVOT 21602 34 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIVOT 21602 34 is an estimate of value, not an offer and not an appraisal.
- How much income does PIVOT 21602 34 generate in a year?
- PIVOT 21602 34 is forecast to net about $1.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PIVOT 21602 34 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bta Oil Producers, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 296698 |
| Wellbores | 1 |
| Reported production | 470,079 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.5M |
Where PIVOT 21602 34 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.