WATSON, ELMORE ESTATE
WATSON, ELMORE ESTATE is a Texas gas lease in Leon County, Railroad Commission district 05, operated by Umc Petroleum Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1995 to August 2026, totalling 830,740 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 $8K, with roughly $973 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 32 thousand cubic feet a month. Its strongest month on the record we hold was April 2024, at 472 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 WATSON, ELMORE ESTATE
- Who operates WATSON, ELMORE ESTATE?
- WATSON, ELMORE ESTATE is operated by Umc Petroleum Corporation, Railroad Commission of Texas operator number 875595.
- Where is WATSON, ELMORE ESTATE?
- WATSON, ELMORE ESTATE is a Texas gas lease in Leon County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 154483.
- Is WATSON, ELMORE ESTATE still producing?
- WATSON, ELMORE ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATSON, ELMORE ESTATE is August 2026.
- How much has WATSON, ELMORE ESTATE produced?
- WATSON, ELMORE ESTATE has reported 830,740 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1995 and August 2026, from 1 wellbore.
- How much is WATSON, ELMORE ESTATE worth?
- The remaining production from WATSON, ELMORE ESTATE is estimated to be worth about $8K in total as of 27 August 2026, within a range of $4K to $11K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATSON, ELMORE ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production WATSON, ELMORE ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATSON, ELMORE ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does WATSON, ELMORE ESTATE generate in a year?
- WATSON, ELMORE ESTATE is forecast to net about $973 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WATSON, ELMORE ESTATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Umc Petroleum Corporation |
|---|---|
| Field | Bear Grass (Pettit) |
| County | Leon County, Texas |
| RRC district | 05 |
| Lease number | 154483 |
| Wellbores | 1 |
| Reported production | 830,740 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $8K |
Where WATSON, ELMORE ESTATE 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.