LANGFORD
LANGFORD is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from November 2007 to August 2026, totalling 1,283,280 thousand cubic feet. The lease is intermittent. 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 $203K, with roughly $59K 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 517 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 7,127 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 LANGFORD
- Who operates LANGFORD?
- LANGFORD is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is LANGFORD?
- LANGFORD is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 233812.
- Is LANGFORD still producing?
- LANGFORD is intermittent. The most recent month of production reported to the Railroad Commission of Texas for LANGFORD is August 2026.
- How much has LANGFORD produced?
- LANGFORD has reported 1,283,280 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2007 and August 2026, from 1 wellbore.
- How much is LANGFORD worth?
- The remaining production from LANGFORD is estimated to be worth about $203K in total as of 26 August 2026, within a range of $159K to $248K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LANGFORD is a fraction of it. The estimate fits an Arps decline curve to the production LANGFORD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LANGFORD is an estimate of value, not an offer and not an appraisal.
- How much income does LANGFORD generate in a year?
- LANGFORD is forecast to net about $59K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LANGFORD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 233812 |
| Wellbores | 1 |
| Reported production | 1,283,280 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $203K |
Where LANGFORD 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.