VALLEY WELLS STATE UT 23
VALLEY WELLS STATE UT 23 is a Texas gas lease in Dimmit County, Railroad Commission district 01, operated by Ineos USA Oil & Gas LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2018 to August 2026, totalling 1,463,012 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 $7.9M, 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 8,256 thousand cubic feet a month. Its strongest month on the record we hold was November 2018, at 63,458 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 VALLEY WELLS STATE UT 23
- Who operates VALLEY WELLS STATE UT 23?
- VALLEY WELLS STATE UT 23 is operated by Ineos USA Oil & Gas LLC, Railroad Commission of Texas operator number 424176.
- Where is VALLEY WELLS STATE UT 23?
- VALLEY WELLS STATE UT 23 is a Texas gas lease in Dimmit County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 300425.
- Is VALLEY WELLS STATE UT 23 still producing?
- VALLEY WELLS STATE UT 23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VALLEY WELLS STATE UT 23 is August 2026.
- How much has VALLEY WELLS STATE UT 23 produced?
- VALLEY WELLS STATE UT 23 has reported 1,463,012 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2018 and August 2026, from 1 wellbore.
- How much is VALLEY WELLS STATE UT 23 worth?
- The remaining production from VALLEY WELLS STATE UT 23 is estimated to be worth about $7.9M in total as of 26 August 2026, within a range of $6.6M to $9.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VALLEY WELLS STATE UT 23 is a fraction of it. The estimate fits an Arps decline curve to the production VALLEY WELLS STATE UT 23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VALLEY WELLS STATE UT 23 is an estimate of value, not an offer and not an appraisal.
- How much income does VALLEY WELLS STATE UT 23 generate in a year?
- VALLEY WELLS STATE UT 23 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 VALLEY WELLS STATE UT 23 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ineos USA Oil & Gas LLC |
|---|---|
| Field | Briscoe Ranch (Eagleford) |
| County | Dimmit County, Texas |
| RRC district | 01 |
| Lease number | 300425 |
| Wellbores | 1 |
| Reported production | 1,463,012 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.9M |
Where VALLEY WELLS STATE UT 23 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.