PAYNE HEIRS
PAYNE HEIRS is a Texas gas lease in Shelby County, Railroad Commission district 06, operated by Ellora Operating, L.P. It has 1 wellbore on file with the Commission. Reported production runs from February 2007 to August 2026, totalling 314,261 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 $30K, with roughly $5K 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 513 thousand cubic feet a month. Its strongest month on the record we hold was August 2022, at 1,739 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 PAYNE HEIRS
- Who operates PAYNE HEIRS?
- PAYNE HEIRS is operated by Ellora Operating, L.P., Railroad Commission of Texas operator number 250595.
- Where is PAYNE HEIRS?
- PAYNE HEIRS is a Texas gas lease in Shelby County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 233676.
- Is PAYNE HEIRS still producing?
- PAYNE HEIRS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAYNE HEIRS is August 2026.
- How much has PAYNE HEIRS produced?
- PAYNE HEIRS has reported 314,261 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2007 and August 2026, from 1 wellbore.
- How much is PAYNE HEIRS worth?
- The remaining production from PAYNE HEIRS is estimated to be worth about $30K in total as of 26 August 2026, within a range of $24K to $37K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAYNE HEIRS is a fraction of it. The estimate fits an Arps decline curve to the production PAYNE HEIRS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAYNE HEIRS is an estimate of value, not an offer and not an appraisal.
- How much income does PAYNE HEIRS generate in a year?
- PAYNE HEIRS is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PAYNE HEIRS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ellora Operating, L.P. |
|---|---|
| Field | Huxley (6100) |
| County | Shelby County, Texas |
| RRC district | 06 |
| Lease number | 233676 |
| Wellbores | 1 |
| Reported production | 314,261 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $30K |
Where PAYNE HEIRS 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.