BICE
BICE is a Texas gas lease in Cherokee County, Railroad Commission district 06, operated by Buffco Production Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2014 to August 2026, totalling 383,839 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 $262K, with roughly $44K 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 1,338 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 6,823 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 BICE
- Who operates BICE?
- BICE is operated by Buffco Production Inc., Railroad Commission of Texas operator number 106406.
- Where is BICE?
- BICE is a Texas gas lease in Cherokee County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 274176.
- Is BICE still producing?
- BICE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BICE is August 2026.
- How much has BICE produced?
- BICE has reported 383,839 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2014 and August 2026, from 1 wellbore.
- How much is BICE worth?
- The remaining production from BICE is estimated to be worth about $262K in total as of 26 August 2026, within a range of $217K to $306K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BICE is a fraction of it. The estimate fits an Arps decline curve to the production BICE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BICE is an estimate of value, not an offer and not an appraisal.
- How much income does BICE generate in a year?
- BICE is forecast to net about $44K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BICE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Buffco Production Inc. |
|---|---|
| Field | Alto (Travis Peak) |
| County | Cherokee County, Texas |
| RRC district | 06 |
| Lease number | 274176 |
| Wellbores | 1 |
| Reported production | 383,839 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $262K |
Where BICE 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.