STATE HEDBLOM 56-T3-24
STATE HEDBLOM 56-T3-24 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 July 2018 to August 2026, totalling 3,399,437 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 $13.6M, with roughly $3.2M 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 25,052 thousand cubic feet a month. Its strongest month on the record we hold was August 2018, at 110,764 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 HEDBLOM 56-T3-24
- Who operates STATE HEDBLOM 56-T3-24?
- STATE HEDBLOM 56-T3-24 is operated by BHP Billiton Pet(Txla Op) Co, Railroad Commission of Texas operator number 068596.
- Where is STATE HEDBLOM 56-T3-24?
- STATE HEDBLOM 56-T3-24 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 286547.
- Is STATE HEDBLOM 56-T3-24 still producing?
- STATE HEDBLOM 56-T3-24 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE HEDBLOM 56-T3-24 is August 2026.
- How much has STATE HEDBLOM 56-T3-24 produced?
- STATE HEDBLOM 56-T3-24 has reported 3,399,437 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2018 and August 2026, from 1 wellbore.
- How much is STATE HEDBLOM 56-T3-24 worth?
- The remaining production from STATE HEDBLOM 56-T3-24 is estimated to be worth about $13.6M in total as of 27 August 2026, within a range of $11.2M to $16.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE HEDBLOM 56-T3-24 is a fraction of it. The estimate fits an Arps decline curve to the production STATE HEDBLOM 56-T3-24 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE HEDBLOM 56-T3-24 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE HEDBLOM 56-T3-24 generate in a year?
- STATE HEDBLOM 56-T3-24 is forecast to net about $3.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE HEDBLOM 56-T3-24 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 | 286547 |
| Wellbores | 1 |
| Reported production | 3,399,437 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $13.6M |
Where STATE HEDBLOM 56-T3-24 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.