HIRAM
HIRAM is a Texas gas lease in Washington County, Railroad Commission district 03, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2000 to August 2026, totalling 16,601,394 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 $48K, with roughly $7K 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 370 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 1,547 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 HIRAM
- Who operates HIRAM?
- HIRAM is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is HIRAM?
- HIRAM is a Texas gas lease in Washington County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 176482.
- Is HIRAM still producing?
- HIRAM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HIRAM is August 2026.
- How much has HIRAM produced?
- HIRAM has reported 16,601,394 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2000 and August 2026, from 1 wellbore.
- How much is HIRAM worth?
- The remaining production from HIRAM is estimated to be worth about $48K in total as of 27 August 2026, within a range of $37K to $58K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HIRAM is a fraction of it. The estimate fits an Arps decline curve to the production HIRAM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HIRAM is an estimate of value, not an offer and not an appraisal.
- How much income does HIRAM generate in a year?
- HIRAM is forecast to net about $7K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HIRAM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Washington County, Texas |
| RRC district | 03 |
| Lease number | 176482 |
| Wellbores | 1 |
| Reported production | 16,601,394 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $48K |
Where HIRAM 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.