STATE CD 10/15
STATE CD 10/15 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from February 2024 to August 2026, totalling 1,946,757 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 $125K, with roughly $117K 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 20,922 thousand cubic feet a month. Its strongest month on the record we hold was February 2025, at 182,067 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 CD 10/15
- Who operates STATE CD 10/15?
- STATE CD 10/15 is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is STATE CD 10/15?
- STATE CD 10/15 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 297129.
- Is STATE CD 10/15 still producing?
- STATE CD 10/15 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE CD 10/15 is August 2026.
- How much has STATE CD 10/15 produced?
- STATE CD 10/15 has reported 1,946,757 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2024 and August 2026, from 1 wellbore.
- How much is STATE CD 10/15 worth?
- The remaining production from STATE CD 10/15 is estimated to be worth about $125K in total as of 26 August 2026, within a range of $103K to $148K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE CD 10/15 is a fraction of it. The estimate fits an Arps decline curve to the production STATE CD 10/15 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE CD 10/15 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE CD 10/15 generate in a year?
- STATE CD 10/15 is forecast to net about $117K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE CD 10/15 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 297129 |
| Wellbores | 1 |
| Reported production | 1,946,757 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $125K |
Where STATE CD 10/15 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.