STATE 54-6
STATE 54-6 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Energen Resources Corporation. It has 4 wellbores on file with the Commission. Reported production runs from June 2011 to August 2026, totalling 224,344 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 $195K, with roughly $37K 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 54 barrels a month, about 14 per wellbore. Its strongest month on the record we hold was May 2018, at 6,241 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 STATE 54-6
- Who operates STATE 54-6?
- STATE 54-6 is operated by Energen Resources Corporation, Railroad Commission of Texas operator number 252002.
- Where is STATE 54-6?
- STATE 54-6 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41565.
- Is STATE 54-6 still producing?
- STATE 54-6 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE 54-6 is August 2026.
- How much has STATE 54-6 produced?
- STATE 54-6 has reported 224,344 barrels of oil (bbl) to the Railroad Commission of Texas between June 2011 and August 2026, from 4 wellbores.
- How much is STATE 54-6 worth?
- The remaining production from STATE 54-6 is estimated to be worth about $195K in total as of 26 August 2026, within a range of $107K to $283K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE 54-6 is a fraction of it. The estimate fits an Arps decline curve to the production STATE 54-6 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE 54-6 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE 54-6 generate in a year?
- STATE 54-6 is forecast to net about $37K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE 54-6 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Energen Resources Corporation |
|---|---|
| Field | Two Georges (Bone Spring) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 41565 |
| Wellbores | 4 |
| Reported production | 224,344 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $195K |
Where STATE 54-6 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.