Oil and gas leases in Houston County

Houston County, Texas has 483 oil and gas leases with production on file at the Railroad Commission. 238 of them are oil leases and 245 are gas leases. Between them they carry 881 wellbores. Reported volumes run from January 1993 to August 2026 and come to 23.8 million barrels of oil and 167.9 million Mcf of gas. 102 operators file returns here. Every lease below has its own page with a decline-curve forecast and an estimate of what the whole lease is worth.

Key facts about Houston County

How many oil and gas leases are in Houston County?: Houston County has 483 oil and gas leases with production reported to the Railroad Commission of Texas, as of August 2026.
How much oil and gas has Houston County produced?: Leases in Houston County have reported 23,829,152 barrels of oil (bbl) and 167,910,207 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026.
Who are the biggest operators in Houston County?: Sem Operating Company LLC operates 53 of the 483 producing leases in Houston County, more than any other operator on record with the Railroad Commission of Texas.
How many operators are active in Houston County?: 102 operators file production returns for leases in Houston County.
How much are mineral rights in Houston County worth?: There is no single figure: what a mineral or royalty interest in Houston County is worth depends on the individual lease, its decline, and the share the owner holds. Each of the 483 leases listed here has its own page with the full production history the operator reported, a decline-curve forecast, and an estimate of what a royalty interest in it is worth today.

Operators here

The company that runs the wells and issues the royalty cheque.

Sem Operating Company LLC — 53 leases
Navidad Resources, LLC — 42 leases
Xto Energy Inc. — 26 leases
Parten Oil Co. — 24 leases
Parten Operating Inc. — 22 leases
Chesapeake Operating, Inc. — 18 leases
Hampton Resources Corporation — 15 leases
Burk Royalty Co., Ltd. — 13 leases
Range Production Company — 13 leases
Interstate Explorations LLC — 12 leases
Samedan Oil Corporation — 12 leases
Houston Petroleum Company — 11 leases
Eog Resources, Inc. — 10 leases
Sonora Petroleum Corp. — 9 leases
Big Creek Operating Company LLC — 7 leases
L.J.M. Corporation — 7 leases
Lomak Production Company — 7 leases
Winn Exploration Co., Inc. — 7 leases
Denovo Oil & Gas, Inc. — 6 leases
Fair Oil Company — 6 leases
Trivium Operating, LLC — 6 leases
Valley Resources, Inc. — 6 leases
Weeks Exploration Company — 6 leases
Brooks Petroleum Company — 5 leases
Energy & Expl. Prtnrs Oper., LP — 5 leases
Tide West Oil Company — 5 leases
Treadstone Energy Partners, LLC — 5 leases
Umc Petroleum Corporation — 5 leases
Balance Production Corporation — 4 leases
Etx Energy, LLC — 4 leases
Hallwood Petroleum, Inc. — 4 leases
Manti Operating Company — 4 leases
Palmer Petroleum Inc. — 4 leases
Warrior Petroleum Corporation — 4 leases
Card Operating Company, Inc. — 3 leases
East Texas Crude Oil Corporation — 3 leases
Exxon Corp. — 3 leases
Gaither Petroleum Corporation — 3 leases
Mustang Drilling, Inc. — 3 leases
Sonat Exploration Company -Tyler — 3 leases
Valence Operating Company — 3 leases
Anadarko Petroleum Corporation — 2 leases
Aquinas Oil & Gas, LLC — 2 leases
BLS Resources, Inc. — 2 leases
Cabot Oil & Gas Corporation — 2 leases
Jamex, Inc. — 2 leases
Katy Resources Etx, LLC — 2 leases
Keystone Exploration, Inc — 2 leases
Opex Energy, LLC — 2 leases
Petroquest Energy, L.L.C. — 2 leases
Petroreal Inc. — 2 leases
Seidler Oil & Gas Operating, LLC — 2 leases
Strago Petroleum Corporation — 2 leases
Sundance Resources, Inc. — 2 leases
Will-Drill Production Co., Inc. — 2 leases
Operator 000000 — 1 lease
Apache Corporation — 1 lease
Arcadia Expl. & Prod. Company — 1 lease
Armour Properties — 1 lease
Barbee, R.L. Operating, Inc. — 1 lease

Railroad Commission districts

District 06 — 277 leases
District 03 — 193 leases
District 05 — 13 leases

Leases — page 1 of 3

KLEINSCHMIDT — gas, Winn Exploration Co., Inc., Houston County, 7.0 million reported
STREETMAN — gas, Fair Oil Company, Houston County, 6.1 million reported
DAILEY, R. S. — gas, Tide West Oil Company, Houston County, 6.0 million reported
MORRIS, THELMA — gas, J-O'B Operating Company, Houston County, 4.7 million reported
HENLEY — gas, Chesapeake Operating, Inc., Houston County, 4.5 million reported
WARNER GAS UNIT — gas, Fair Oil Company, Houston County, 4.0 million reported
FARMERS OIL COMPANY — gas, Parten Oil Co., Houston County, 3.9 million reported
DORRELL, ESTHER — gas, Parten Oil Co., Houston County, 3.8 million reported
FT.TRINIDAD UPPER GLEN ROSE UNIT — gas, Hampton Resources Corporation, Houston County, 3.8 million reported
TEMPLE A-94 GAS UNIT — gas, Chesapeake Operating, Inc., Houston County, 3.3 million reported
TEMPLE INLAND GAS UNIT VIII — gas, Chesapeake Operating, Inc., Houston County, 3.2 million reported
WHITEHEAD "A" — gas, Anadarko Petroleum Corporation, Houston County, 3.0 million reported
LOVELL IV — gas, Chesapeake Operating, Inc., Houston County, 2.9 million reported
LITTLE, T. A.GAS UNIT — gas, Parten Oil Co., Houston County, 2.9 million reported
TEMPLE INDUSTRIES -B- — gas, Xto Energy Inc., Houston County, 2.8 million reported
LOVELL II — gas, Winn Exploration Co., Inc., Houston County, 2.8 million reported
FARMERS OIL COMPANY — gas, Parten Oil Co., Houston County, 2.7 million reported
DAMUTH GAS UNIT #1 — gas, Chesapeake Operating, Inc., Houston County, 2.7 million reported
T.I.N. — gas, Xto Energy Inc., Houston County, 2.7 million reported
T.I.N. — gas, Xto Energy Inc., Houston County, 2.5 million reported
LOVELL III — gas, Winn Exploration Co., Inc., Houston County, 2.5 million reported
TEMPLE-INLAND III — gas, Winn Exploration Co., Inc., Houston County, 2.2 million reported
T.I.N. — gas, Xto Energy Inc., Houston County, 2.2 million reported
SEVEN J STOCK FARM, INC — gas, Parten Operating Inc., Houston County, 2.2 million reported
TEMPLE-INLAND — gas, Winn Exploration Co., Inc., Houston County, 2.2 million reported
OVERSHOWN GAS UNIT — gas, Xto Energy Inc., Houston County, 2.2 million reported
WARNER GAS UNIT — gas, Tide West Oil Company, Houston County, 2.1 million reported
LOVELL — gas, Winn Exploration Co., Inc., Houston County, 2.1 million reported
OVERSHOWN GAS UNIT — gas, Xto Energy Inc., Houston County, 2.1 million reported
FORT TRINIDAD DEXTER UNIT — oil, Parten Operating Inc., Houston County, 1.9 million reported
T.I.N. — gas, Xto Energy Inc., Houston County, 1.8 million reported
MURRAY, A. E. — gas, Cxy Energy Inc., Houston County, 1.8 million reported
TEMPLE-INLAND GAS UNIT NO. 6H — gas, Chesapeake Operating, Inc., Houston County, 1.7 million reported
ADAMS GAS UNIT — gas, Chesapeake Operating, Inc., Houston County, 1.7 million reported
SHELLY — oil, Opex Energy, LLC, Houston County, 1.7 million reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 1.6 million reported
TEMPLE-INLAND II — gas, Winn Exploration Co., Inc., Houston County, 1.6 million reported
MCLEAN ESTATE GAS UNIT — gas, PXP Texas Inc., Houston County, 1.5 million reported
ST. REGIS PAPER CO. "C" — gas, Samedan Oil Corporation, Houston County, 1.5 million reported
TEMPLE INDUSTRIES -B- — gas, Xto Energy Inc., Houston County, 1.4 million reported
LOVELL V — gas, Chesapeake Operating, Inc., Houston County, 1.3 million reported
BURRAN GAS UNIT — gas, Xto Energy Inc., Houston County, 1.3 million reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 1.2 million reported
TEMPLE-INLAND V — gas, Chesapeake Operating, Inc., Houston County, 1.2 million reported
CROCKETT, DAVY "A" — gas, Xto Energy Inc., Houston County, 1.2 million reported
DAILEY, R. S. — gas, Tide West Oil Company, Houston County, 1.2 million reported
RIEMENSCHNEIDER "A" — gas, Anadarko Petroleum Corporation, Houston County, 1.1 million reported
MCLEAN ESTATE GAS UNIT — gas, Xto Energy Inc., Houston County, 980 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 969 thousand reported
EASTHAM STATE FARM — gas, Parten Oil Co., Houston County, 938 thousand reported
FT.TRINIDAD UPPER GLEN ROSE UNIT — gas, Hampton Resources Corporation, Houston County, 936 thousand reported
FEDERAL NM-A-19772 — oil, Denovo Oil & Gas, Inc., Houston County, 922 thousand reported
HESTER "B" — gas, Samedan Oil Corporation, Houston County, 891 thousand reported
SHIREY GAS UNIT — gas, Xto Energy Inc., Houston County, 883 thousand reported
BRYANT/DAILEY — oil, Petroreal Inc., Houston County, 877 thousand reported
SHAW, MOLLIE — oil, Exxon Corp., Houston County, 866 thousand reported
BROMBERG, ET AL — gas, Samson Resources Company, Houston County, 849 thousand reported
HEROD-FINCH-JONES — gas, Fair Oil Company, Houston County, 841 thousand reported
HOLCOMB, A. W. — gas, Umc Petroleum Corporation, Houston County, 831 thousand reported
DAN ACKLEY B — gas, Trivium Operating, LLC, Houston County, 823 thousand reported
HUFFMAN, L. W. — oil, Tide West Oil Company, Houston County, 823 thousand reported
TEMPLE INDUSTRIES -B- — gas, Umc Petroleum Corporation, Houston County, 813 thousand reported
FT.TRINIDAD UPPER GLEN ROSE UNIT — gas, Hampton Resources Corporation, Houston County, 778 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 737 thousand reported
BRUTON 7 UNIT — gas, Parten Operating Inc., Houston County, 727 thousand reported
CHAMPION INT'L CORP. UNIT D-2 — gas, Parten Oil Co., Houston County, 669 thousand reported
NAVARRO CGU 11 — gas, Valence Operating Company, Houston County, 654 thousand reported
TAYLOR, MADGE C. GAS UNIT — gas, Valence Operating Company, Houston County, 643 thousand reported
FEDERAL NM-A-19772 — oil, Range Production Company, Houston County, 633 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 628 thousand reported
SOUTHLAND PAPER MILLS — gas, Houston Petroleum Company, Houston County, 624 thousand reported
MCLEAN ESTATE GAS UNIT — gas, 3tec Energy Corporation, Houston County, 615 thousand reported
SOUTHLAND PAPER MILLS — gas, Armour Properties, Houston County, 610 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 609 thousand reported
SHARTLE/CP GAS UNIT — gas, Xto Energy Inc., Houston County, 603 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 598 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 587 thousand reported
THORNTON, ANNIE — gas, Houston Petroleum Company, Houston County, 582 thousand reported
BOBBITT GAS UNIT — gas, Chesapeake Operating, Inc., Houston County, 579 thousand reported
MCLEAN ESTATE GAS UNIT — gas, Xto Energy Inc., Houston County, 568 thousand reported
TEMPLE INLAND A-12 — gas, Chesapeake Operating, Inc., Houston County, 560 thousand reported
DAILEY ESTATE — gas, Palmer Petroleum Inc., Houston County, 552 thousand reported
FEDERAL NM-A-19772 — oil, Range Production Company, Houston County, 550 thousand reported
TEMPLE INDUSTRIES — gas, Wagner, Duer & Co., Houston County, 549 thousand reported
LARUE, H. — oil, Hallwood Petroleum, Inc., Houston County, 545 thousand reported
SEVEN -J- STOCK FARM, INC. — oil, Parten Oil Co., Houston County, 543 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 519 thousand reported
ACKLEY, DAN — gas, Samedan Oil Corporation, Houston County, 515 thousand reported
BURRAN GAS UNIT — gas, Xto Energy Inc., Houston County, 514 thousand reported
SAMEDAN FEE — oil, Samedan Oil Corporation, Houston County, 499 thousand reported
TEMPLE EASTEX-LEONARD GU #1 — gas, Umc Petroleum Corporation, Houston County, 496 thousand reported
HOLCOMB, A. W. — gas, Xto Energy Inc., Houston County, 488 thousand reported
CROCKETT, DAVY — gas, Xto Energy Inc., Houston County, 454 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 450 thousand reported
BUTLER — oil, Energy & Expl. Prtnrs Oper., LP, Houston County, 448 thousand reported
HOLCOMB, A. W. — gas, Xto Energy Inc., Houston County, 447 thousand reported
ADAMS, R. C. — gas, Sem Operating Company LLC, Houston County, 435 thousand reported
EASTHAM STATE PRISON FARM A — gas, Sem Operating Company LLC, Houston County, 425 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 425 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 422 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 409 thousand reported
MCFADDIN — gas, Maximus Operating, Ltd., Houston County, 401 thousand reported
MAPLES — oil, Txco Resources Inc., Houston County, 401 thousand reported
KENNON — gas, Samedan Oil Corporation, Houston County, 397 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 396 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 386 thousand reported
ADAMS, CHESTER — gas, Sem Operating Company LLC, Houston County, 385 thousand reported
DAILEY-PRIDGEN — gas, Fair Oil Company, Houston County, 385 thousand reported
DOMINY, ANGIE — oil, Range Production Company, Houston County, 384 thousand reported
NATIONAL FOREST — oil, Valley Resources, Inc., Houston County, 384 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 383 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 382 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 373 thousand reported
VON ROSENBERG — gas, Sem Operating Company LLC, Houston County, 369 thousand reported
BIGGER-WRIGHT — oil, Petroquest Energy, L.L.C., Houston County, 369 thousand reported
SEVEN J STOCK FARM, INC — oil, Texas Moran Exploration Company, Houston County, 362 thousand reported
RUDMAN — gas, Chesapeake Operating, Inc., Houston County, 362 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 357 thousand reported
ENGLISH OIL UNIT — oil, Range Production Company, Houston County, 356 thousand reported
EASTHAM STATE PRISON FARM — oil, Navidad Resources, LLC, Houston County, 355 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 354 thousand reported
TRINITY STATE BANK — oil, Gaither Petroleum Corporation, Houston County, 352 thousand reported
CHANDLER — oil, Sem Operating Company LLC, Houston County, 352 thousand reported
USA-NM-A 19772 (TEX) — oil, Valley Resources, Inc., Houston County, 346 thousand reported
DARSEY — gas, Fair Oil Company, Houston County, 345 thousand reported
EASTHAM STATE PRISON FARM — gas, Etx Energy, LLC, Houston County, 340 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 332 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 325 thousand reported
EASTHAM STATE PRISON FARM — gas, Houston County, 316 thousand reported
SEVEN J STOCK FARM, INC. — gas, L.J.M. Corporation, Houston County, 315 thousand reported
KNIGHT — gas, Eog Resources, Inc., Houston County, 313 thousand reported
FARMERS OIL CO. — oil, Parten Oil Co., Houston County, 313 thousand reported
DAILEY, H. H. — gas, Sonora Petroleum Corp., Houston County, 307 thousand reported
MILES TIMBER — gas, Navidad Resources, LLC, Houston County, 286 thousand reported
ADAMS, C. T. OIL UNIT #2 — oil, L.J.M. Corporation, Houston County, 286 thousand reported
BLAIR A — gas, Navidad Resources, LLC, Houston County, 285 thousand reported
ADAMS, R. C. — gas, Navidad Resources, LLC, Houston County, 274 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 273 thousand reported
ENGLISH OIL UNIT — oil, Range Production Company, Houston County, 272 thousand reported
DOMINY, ANGIE — oil, Denovo Oil & Gas, Inc., Houston County, 271 thousand reported
CHAMPION INTERNATIONAL CORP. "D" — gas, Parten Oil Co., Houston County, 269 thousand reported
GORE — oil, Interstate Explorations LLC, Houston County, 266 thousand reported
CEDAR BRANCH UNIT — oil, Hallwood Petroleum, Inc., Houston County, 264 thousand reported
BRUTON, W. T., EST. — oil, Hampton Resources Corporation, Houston County, 257 thousand reported
HYDE, MARTY — gas, Sem Operating Company LLC, Houston County, 253 thousand reported
MOSLEY — gas, Sem Operating Company LLC, Houston County, 253 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 249 thousand reported
DAVID, JOHN — oil, Valley Resources, Inc., Houston County, 248 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 242 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 242 thousand reported
HYDE, MARTY — gas, Navidad Resources, LLC, Houston County, 240 thousand reported
PERRONE — gas, Sonora Petroleum Corp., Houston County, 237 thousand reported
TAYLOR, F. E. — gas, Balance Production Corporation, Houston County, 236 thousand reported
TEMPLE — gas, Katy Resources Etx, LLC, Houston County, 230 thousand reported
SEVEN J STOCKFARM, INC. — oil, Parten Operating Inc., Houston County, 230 thousand reported
EAST FT. TRINIDAD(DEXTER C) UNIT — oil, Samedan Oil Corporation, Houston County, 227 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 216 thousand reported
MARTIN-DAILEY — gas, Balance Production Corporation, Houston County, 216 thousand reported
ENGLISH OIL UNIT — oil, Denovo Oil & Gas, Inc., Houston County, 214 thousand reported
ELLIOTT — gas, Navidad Resources, LLC, Houston County, 210 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 209 thousand reported
NAVARRO CROSSING G.U. 11 — gas, Valence Operating Company, Houston County, 208 thousand reported
FT.TRINIDAD UPPER GLEN ROSE UNIT — gas, Hampton Resources Corporation, Houston County, 207 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 206 thousand reported
DOMINY, ANGIE — oil, Range Production Company, Houston County, 193 thousand reported
HANLEY — gas, Navidad Resources, LLC, Houston County, 190 thousand reported
MONTGOMERY — oil, Palmer Petroleum Inc., Houston County, 189 thousand reported
GAIL KING — gas, Sem Operating Company LLC, Houston County, 187 thousand reported
HYDE — gas, Navidad Resources, LLC, Houston County, 183 thousand reported
CHESTER ADAMS — gas, Navidad Resources, LLC, Houston County, 182 thousand reported
HANLEY — gas, Sem Operating Company LLC, Houston County, 182 thousand reported
CROCKETT, DAVY — gas, Chesapeake Operating, Inc., Houston County, 181 thousand reported
DAVIS, R. M. — oil, Hallwood Petroleum, Inc., Houston County, 181 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 180 thousand reported
MCLEAN, HARRY — gas, Xto Energy Inc., Houston County, 180 thousand reported
PERCILLA GAS UNIT 1 — gas, Umc Petroleum Corporation, Houston County, 180 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 179 thousand reported
MILLER — gas, Sem Operating Company LLC, Houston County, 179 thousand reported
VON ROSENBERG — gas, Navidad Resources, LLC, Houston County, 176 thousand reported
TROUTMAN, T.L. — oil, Range Production Company, Houston County, 176 thousand reported
LARUE HEIRS — oil, Petroquest Energy, L.L.C., Houston County, 175 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 173 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 171 thousand reported
CHANDLER — gas, Sem Operating Company LLC, Houston County, 170 thousand reported
USA-NM-A 19772 (TEX) — oil, Range Production Company, Houston County, 167 thousand reported
EASTHAM STATE PRISON FARM — gas, Navidad Resources, LLC, Houston County, 167 thousand reported
SHAW, MOLLIE -B- — oil, Manti Operating Company, Houston County, 163 thousand reported
ETHEREDGE — oil, Burk Royalty Co., Ltd., Houston County, 162 thousand reported
SMITH, FRANK — gas, Eog Resources, Inc., Houston County, 159 thousand reported
CHESTER ADAMS — gas, Sem Operating Company LLC, Houston County, 159 thousand reported
WALTERS, RALPH J. — oil, Valley Resources, Inc., Houston County, 157 thousand reported
MILES TIMBER — gas, Sem Operating Company LLC, Houston County, 156 thousand reported
SUMRALL — oil, Palmer Petroleum Inc., Houston County, 154 thousand reported
W. A. ADAMS GAS UNIT — oil, Navidad Resources, LLC, Houston County, 151 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 145 thousand reported
H-F-J — gas, Fair Oil Company, Houston County, 143 thousand reported
DAILEY, R. S. & H. H. — gas, Bryant - Chase Energy Corp., Houston County, 143 thousand reported
BURRANTOWN GAS UNIT — gas, Xto Energy Inc., Houston County, 142 thousand reported
EASTHAM STATE PRISON FARM — gas, Sem Operating Company LLC, Houston County, 138 thousand reported
TROUTMAN, T.L. — oil, Denovo Oil & Gas, Inc., Houston County, 136 thousand reported

Production figures are as reported to the Railroad Commission of Texas. Values shown on lease pages are estimates produced by fitting a decline curve to that reported history; they are not offers or appraisals.