RICHARDSON 138
RICHARDSON 138 is a Texas gas lease in Sutton County, Railroad Commission district 7C, operated by Dreyfus, Louis Natural Gas Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 2000 to August 2026, totalling 1,135,502 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 $119K, with roughly $24K 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 1,144 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 1,880 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 RICHARDSON 138
- Who operates RICHARDSON 138?
- RICHARDSON 138 is operated by Dreyfus, Louis Natural Gas Corp, Railroad Commission of Texas operator number 228125.
- Where is RICHARDSON 138?
- RICHARDSON 138 is a Texas gas lease in Sutton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 176643.
- Is RICHARDSON 138 still producing?
- RICHARDSON 138 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICHARDSON 138 is August 2026.
- How much has RICHARDSON 138 produced?
- RICHARDSON 138 has reported 1,135,502 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2000 and August 2026, from 1 wellbore.
- How much is RICHARDSON 138 worth?
- The remaining production from RICHARDSON 138 is estimated to be worth about $119K in total as of 26 August 2026, within a range of $99K to $139K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICHARDSON 138 is a fraction of it. The estimate fits an Arps decline curve to the production RICHARDSON 138 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICHARDSON 138 is an estimate of value, not an offer and not an appraisal.
- How much income does RICHARDSON 138 generate in a year?
- RICHARDSON 138 is forecast to net about $24K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RICHARDSON 138 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Dreyfus, Louis Natural Gas Corp |
|---|---|
| Field | Sawyer (Strawn, North) |
| County | Sutton County, Texas |
| RRC district | 7C |
| Lease number | 176643 |
| Wellbores | 1 |
| Reported production | 1,135,502 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $119K |
Where RICHARDSON 138 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.