FRALEY, JOE
FRALEY, JOE is a Texas gas lease in Eastland County, Railroad Commission district 7B, operated by Rhodes Drilling Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 204,323 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 $70K, with roughly $11K 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 463 thousand cubic feet a month. Its strongest month on the record we hold was July 2021, at 774 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 FRALEY, JOE
- Who operates FRALEY, JOE?
- FRALEY, JOE is operated by Rhodes Drilling Company, Railroad Commission of Texas operator number 705160.
- Where is FRALEY, JOE?
- FRALEY, JOE is a Texas gas lease in Eastland County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 080547.
- Is FRALEY, JOE still producing?
- FRALEY, JOE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FRALEY, JOE is August 2026.
- How much has FRALEY, JOE produced?
- FRALEY, JOE has reported 204,323 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is FRALEY, JOE worth?
- The remaining production from FRALEY, JOE is estimated to be worth about $70K in total as of 26 August 2026, within a range of $55K to $86K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FRALEY, JOE is a fraction of it. The estimate fits an Arps decline curve to the production FRALEY, JOE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FRALEY, JOE is an estimate of value, not an offer and not an appraisal.
- How much income does FRALEY, JOE generate in a year?
- FRALEY, JOE is forecast to net about $11K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FRALEY, JOE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rhodes Drilling Company |
|---|---|
| Field | Foster (Marble Falls) |
| County | Eastland County, Texas |
| RRC district | 7B |
| Lease number | 080547 |
| Wellbores | 1 |
| Reported production | 204,323 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $70K |
Where FRALEY, JOE 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.