PRICE, LELA-STATE
PRICE, LELA-STATE is a Texas gas lease in Pecos County, Railroad Commission district 08, operated by Rayden. It has 1 wellbore on file with the Commission. Reported production runs from November 1999 to August 2026, totalling 1,032,114 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 $179K, with roughly $31K 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 1,006 thousand cubic feet a month. Its strongest month on the record we hold was February 2020, at 2,258 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 PRICE, LELA-STATE
- Who operates PRICE, LELA-STATE?
- PRICE, LELA-STATE is operated by Rayden, Railroad Commission of Texas operator number 695567.
- Where is PRICE, LELA-STATE?
- PRICE, LELA-STATE is a Texas gas lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 175408.
- Is PRICE, LELA-STATE still producing?
- PRICE, LELA-STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRICE, LELA-STATE is August 2026.
- How much has PRICE, LELA-STATE produced?
- PRICE, LELA-STATE has reported 1,032,114 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 1999 and August 2026, from 1 wellbore.
- How much is PRICE, LELA-STATE worth?
- The remaining production from PRICE, LELA-STATE is estimated to be worth about $179K in total as of 26 August 2026, within a range of $149K to $209K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRICE, LELA-STATE is a fraction of it. The estimate fits an Arps decline curve to the production PRICE, LELA-STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRICE, LELA-STATE is an estimate of value, not an offer and not an appraisal.
- How much income does PRICE, LELA-STATE generate in a year?
- PRICE, LELA-STATE is forecast to net about $31K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRICE, LELA-STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rayden |
|---|---|
| Field | Athey (Wolfcamp 10900) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 175408 |
| Wellbores | 1 |
| Reported production | 1,032,114 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $179K |
Where PRICE, LELA-STATE 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.