REV GF STATE T7 50
REV GF STATE T7 50 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 26 wellbores on file with the Commission. Reported production runs from March 2018 to August 2026, totalling 6,635,065 barrels. 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 $67.2M, with roughly $25.3M 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 37,126 barrels a month, about 1,428 per wellbore. Its strongest month on the record we hold was March 2022, at 288,115 barrels. 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 REV GF STATE T7 50
- Who operates REV GF STATE T7 50?
- REV GF STATE T7 50 is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is REV GF STATE T7 50?
- REV GF STATE T7 50 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 50122.
- Is REV GF STATE T7 50 still producing?
- REV GF STATE T7 50 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for REV GF STATE T7 50 is August 2026.
- How much has REV GF STATE T7 50 produced?
- REV GF STATE T7 50 has reported 6,635,065 barrels of oil (bbl) to the Railroad Commission of Texas between March 2018 and August 2026, from 26 wellbores.
- How much is REV GF STATE T7 50 worth?
- The remaining production from REV GF STATE T7 50 is estimated to be worth about $67.2M in total as of 27 August 2026, within a range of $55.1M to $79.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in REV GF STATE T7 50 is a fraction of it. The estimate fits an Arps decline curve to the production REV GF STATE T7 50 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for REV GF STATE T7 50 is an estimate of value, not an offer and not an appraisal.
- How much income does REV GF STATE T7 50 generate in a year?
- REV GF STATE T7 50 is forecast to net about $25.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in REV GF STATE T7 50 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 50122 |
| Wellbores | 26 |
| Reported production | 6,635,065 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $67.2M |
Where REV GF STATE T7 50 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.