NEW HORIZONS
NEW HORIZONS is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Xto Energy Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2013 to August 2026, totalling 5,673,158 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 $1.3M, with roughly $204K 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 8,965 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 40,968 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 HORIZONS
- Who operates NEW HORIZONS?
- NEW HORIZONS is operated by Xto Energy Inc., Railroad Commission of Texas operator number 945936.
- Where is NEW HORIZONS?
- NEW HORIZONS is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 268385.
- Is NEW HORIZONS still producing?
- NEW HORIZONS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEW HORIZONS is August 2026.
- How much has NEW HORIZONS produced?
- NEW HORIZONS has reported 5,673,158 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2013 and August 2026, from 1 wellbore.
- How much is NEW HORIZONS worth?
- The remaining production from NEW HORIZONS is estimated to be worth about $1.3M in total as of 26 August 2026, within a range of $1.1M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEW HORIZONS is a fraction of it. The estimate fits an Arps decline curve to the production NEW HORIZONS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEW HORIZONS is an estimate of value, not an offer and not an appraisal.
- How much income does NEW HORIZONS generate in a year?
- NEW HORIZONS is forecast to net about $204K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEW HORIZONS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Xto Energy Inc. |
|---|---|
| Field | Carthage (Haynesville Shale) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 268385 |
| Wellbores | 1 |
| Reported production | 5,673,158 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where NEW HORIZONS 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.