STATE BLACK STONE 57-T3-36

STATE BLACK STONE 57-T3-36 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by BPX Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from July 2019 to August 2026, totalling 1,954,866 thousand cubic feet. 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 $3.3M, with roughly $793K 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 9,855 thousand cubic feet a month. Its strongest month on the record we hold was August 2019, at 57,095 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 BLACK STONE 57-T3-36

Who operates STATE BLACK STONE 57-T3-36?: STATE BLACK STONE 57-T3-36 is operated by BPX Operating Company, Railroad Commission of Texas operator number 085408.
Where is STATE BLACK STONE 57-T3-36?: STATE BLACK STONE 57-T3-36 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 288467.
Is STATE BLACK STONE 57-T3-36 still producing?: STATE BLACK STONE 57-T3-36 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE BLACK STONE 57-T3-36 is August 2026.
How much has STATE BLACK STONE 57-T3-36 produced?: STATE BLACK STONE 57-T3-36 has reported 1,954,866 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2019 and August 2026, from 1 wellbore.
How much is STATE BLACK STONE 57-T3-36 worth?: The remaining production from STATE BLACK STONE 57-T3-36 is estimated to be worth about $3.3M in total as of 27 August 2026, within a range of $2.8M to $3.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE BLACK STONE 57-T3-36 is a fraction of it. The estimate fits an Arps decline curve to the production STATE BLACK STONE 57-T3-36 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE BLACK STONE 57-T3-36 is an estimate of value, not an offer and not an appraisal.
How much income does STATE BLACK STONE 57-T3-36 generate in a year?: STATE BLACK STONE 57-T3-36 is forecast to net about $793K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE BLACK STONE 57-T3-36 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

STATE BLACK STONE 57-T3-36 as filed with the Railroad Commission of Texas
Operator	BPX Operating Company
Field	Phantom (Wolfcamp)
County	Reeves County, Texas
RRC district	08
Lease number	288467
Wellbores	1
Reported production	1,954,866 mcf
First reported	July 2019
Last reported	August 2026
Estimated royalty value	$3.3M

Where STATE BLACK STONE 57-T3-36 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.