NEW LUM / BLACK STONE
NEW LUM / BLACK STONE is a Texas gas lease in Newton County, Railroad Commission district 03, operated by Square Mile Energy, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from August 2015 to August 2026, totalling 3,537,483 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 $1.1M, with roughly $457K 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 14,802 thousand cubic feet a month. Its strongest month on the record we hold was March 2022, at 73,429 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 NEW LUM / BLACK STONE
- Who operates NEW LUM / BLACK STONE?
- NEW LUM / BLACK STONE is operated by Square Mile Energy, L.L.C., Railroad Commission of Texas operator number 810815.
- Where is NEW LUM / BLACK STONE?
- NEW LUM / BLACK STONE is a Texas gas lease in Newton County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 280165.
- Is NEW LUM / BLACK STONE still producing?
- NEW LUM / BLACK STONE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEW LUM / BLACK STONE is August 2026.
- How much has NEW LUM / BLACK STONE produced?
- NEW LUM / BLACK STONE has reported 3,537,483 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2015 and August 2026, from 1 wellbore.
- How much is NEW LUM / BLACK STONE worth?
- The remaining production from NEW LUM / BLACK STONE is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $869K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEW LUM / BLACK STONE is a fraction of it. The estimate fits an Arps decline curve to the production NEW LUM / BLACK STONE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEW LUM / BLACK STONE is an estimate of value, not an offer and not an appraisal.
- How much income does NEW LUM / BLACK STONE generate in a year?
- NEW LUM / BLACK STONE is forecast to net about $457K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEW LUM / BLACK STONE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Square Mile Energy, L.L.C. |
|---|---|
| Field | Long Prairie (12300) |
| County | Newton County, Texas |
| RRC district | 03 |
| Lease number | 280165 |
| Wellbores | 1 |
| Reported production | 3,537,483 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where NEW LUM / BLACK STONE 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.