SANTANA STATE B
SANTANA STATE B is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Eog Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2025 to August 2026, totalling 799,445 thousand cubic feet. The lease is intermittent. 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 $46.2M, with roughly $9.0M 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 70,375 thousand cubic feet a month. Its strongest month on the record we hold was January 2026, at 245,132 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 SANTANA STATE B
- Who operates SANTANA STATE B?
- SANTANA STATE B is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is SANTANA STATE B?
- SANTANA STATE B is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 300978.
- Is SANTANA STATE B still producing?
- SANTANA STATE B is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SANTANA STATE B is August 2026.
- How much has SANTANA STATE B produced?
- SANTANA STATE B has reported 799,445 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2025 and August 2026, from 1 wellbore.
- How much is SANTANA STATE B worth?
- The remaining production from SANTANA STATE B is estimated to be worth about $46.2M in total as of 27 August 2026, within a range of $37.9M to $54.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SANTANA STATE B is a fraction of it. The estimate fits an Arps decline curve to the production SANTANA STATE B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SANTANA STATE B is an estimate of value, not an offer and not an appraisal.
- How much income does SANTANA STATE B generate in a year?
- SANTANA STATE B is forecast to net about $9.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SANTANA STATE B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 300978 |
| Wellbores | 1 |
| Reported production | 799,445 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $46.2M |
Where SANTANA STATE B 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.