STATE APACHE 56-57-T3
STATE APACHE 56-57-T3 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by BHP Billiton Pet(Txla Op) Co. It has 1 wellbore on file with the Commission. Reported production runs from April 2015 to August 2026, totalling 1,218,522 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 $1.6M, with roughly $670K 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 4,131 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 29,081 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 STATE APACHE 56-57-T3
- Who operates STATE APACHE 56-57-T3?
- STATE APACHE 56-57-T3 is operated by BHP Billiton Pet(Txla Op) Co, Railroad Commission of Texas operator number 068596.
- Where is STATE APACHE 56-57-T3?
- STATE APACHE 56-57-T3 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 278215.
- Is STATE APACHE 56-57-T3 still producing?
- STATE APACHE 56-57-T3 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for STATE APACHE 56-57-T3 is August 2026.
- How much has STATE APACHE 56-57-T3 produced?
- STATE APACHE 56-57-T3 has reported 1,218,522 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2015 and August 2026, from 1 wellbore.
- How much is STATE APACHE 56-57-T3 worth?
- The remaining production from STATE APACHE 56-57-T3 is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.3M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE APACHE 56-57-T3 is a fraction of it. The estimate fits an Arps decline curve to the production STATE APACHE 56-57-T3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE APACHE 56-57-T3 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE APACHE 56-57-T3 generate in a year?
- STATE APACHE 56-57-T3 is forecast to net about $670K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE APACHE 56-57-T3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BHP Billiton Pet(Txla Op) Co |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 278215 |
| Wellbores | 1 |
| Reported production | 1,218,522 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where STATE APACHE 56-57-T3 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.