STATE MINT 57-T3-16
STATE MINT 57-T3-16 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 November 2015 to August 2026, totalling 1,869,925 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 $3.8M, with roughly $773K 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 9,531 thousand cubic feet a month. Its strongest month on the record we hold was February 2022, at 44,280 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 MINT 57-T3-16
- Who operates STATE MINT 57-T3-16?
- STATE MINT 57-T3-16 is operated by BHP Billiton Pet(Txla Op) Co, Railroad Commission of Texas operator number 068596.
- Where is STATE MINT 57-T3-16?
- STATE MINT 57-T3-16 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 279256.
- Is STATE MINT 57-T3-16 still producing?
- STATE MINT 57-T3-16 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE MINT 57-T3-16 is August 2026.
- How much has STATE MINT 57-T3-16 produced?
- STATE MINT 57-T3-16 has reported 1,869,925 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2015 and August 2026, from 1 wellbore.
- How much is STATE MINT 57-T3-16 worth?
- The remaining production from STATE MINT 57-T3-16 is estimated to be worth about $3.8M in total as of 27 August 2026, within a range of $3.2M to $4.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE MINT 57-T3-16 is a fraction of it. The estimate fits an Arps decline curve to the production STATE MINT 57-T3-16 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE MINT 57-T3-16 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE MINT 57-T3-16 generate in a year?
- STATE MINT 57-T3-16 is forecast to net about $773K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE MINT 57-T3-16 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 | 279256 |
| Wellbores | 1 |
| Reported production | 1,869,925 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.8M |
Where STATE MINT 57-T3-16 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.