STATE 71
STATE 71 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Sandridge Expl. And Prod., LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2010 to August 2026, totalling 30,390,991 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 $46K, with roughly $43K 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 46,800 thousand cubic feet a month. Its strongest month on the record we hold was May 2017, at 332,357 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 STATE 71
- Who operates STATE 71?
- STATE 71 is operated by Sandridge Expl. And Prod., LLC, Railroad Commission of Texas operator number 748011.
- Where is STATE 71?
- STATE 71 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 264576.
- Is STATE 71 still producing?
- STATE 71 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STATE 71 is August 2026.
- How much has STATE 71 produced?
- STATE 71 has reported 30,390,991 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2010 and August 2026, from 1 wellbore.
- How much is STATE 71 worth?
- The remaining production from STATE 71 is estimated to be worth about $46K in total as of 26 August 2026, within a range of $37K to $54K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE 71 is a fraction of it. The estimate fits an Arps decline curve to the production STATE 71 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE 71 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE 71 generate in a year?
- STATE 71 is forecast to net about $43K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE 71 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sandridge Expl. And Prod., LLC |
|---|---|
| Field | Dixieland (Atoka, U.) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 264576 |
| Wellbores | 1 |
| Reported production | 30,390,991 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $46K |
Where STATE 71 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.