STATE PAPILLON UNIT
STATE PAPILLON UNIT is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Eog Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2022 to August 2026, totalling 1,695,694 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 $6.6M, with roughly $1.7M 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 19,526 thousand cubic feet a month. Its strongest month on the record we hold was June 2022, at 115,924 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 PAPILLON UNIT
- Who operates STATE PAPILLON UNIT?
- STATE PAPILLON UNIT is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is STATE PAPILLON UNIT?
- STATE PAPILLON UNIT is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 292485.
- Is STATE PAPILLON UNIT still producing?
- STATE PAPILLON UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE PAPILLON UNIT is August 2026.
- How much has STATE PAPILLON UNIT produced?
- STATE PAPILLON UNIT has reported 1,695,694 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2022 and August 2026, from 1 wellbore.
- How much is STATE PAPILLON UNIT worth?
- The remaining production from STATE PAPILLON UNIT is estimated to be worth about $6.6M in total as of 26 August 2026, within a range of $5.4M to $7.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE PAPILLON UNIT is a fraction of it. The estimate fits an Arps decline curve to the production STATE PAPILLON UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE PAPILLON UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does STATE PAPILLON UNIT generate in a year?
- STATE PAPILLON UNIT is forecast to net about $1.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STATE PAPILLON UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 292485 |
| Wellbores | 1 |
| Reported production | 1,695,694 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.6M |
Where STATE PAPILLON UNIT 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.