PREECE
PREECE 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 June 2007 to August 2026, totalling 1,828,454 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 $957 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 37 thousand cubic feet a month. Its strongest month on the record we hold was September 2016, at 8,149 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 PREECE
- Who operates PREECE?
- PREECE is operated by Ellora Operating, L.P., Railroad Commission of Texas operator number 250595.
- Where is PREECE?
- PREECE is a Texas gas lease in Shelby County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 235631.
- Is PREECE still producing?
- PREECE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PREECE is August 2026.
- How much has PREECE produced?
- PREECE has reported 1,828,454 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2007 and August 2026, from 1 wellbore.
- How much is PREECE worth?
- The remaining production from PREECE 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 PREECE is a fraction of it. The estimate fits an Arps decline curve to the production PREECE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PREECE is an estimate of value, not an offer and not an appraisal.
- How much income does PREECE generate in a year?
- PREECE is forecast to net about $957 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PREECE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ellora Operating, L.P. |
|---|---|
| Field | Bridges, E. (James Lime) |
| County | Shelby County, Texas |
| RRC district | 06 |
| Lease number | 235631 |
| Wellbores | 1 |
| Reported production | 1,828,454 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $8K |
Where PREECE 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.