ESTES
ESTES is a Texas gas lease in Crane County, Railroad Commission district 08, operated by Northstar Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2008 to August 2026, totalling 578,735 thousand cubic feet. The lease is shut in. 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 $155K, with roughly $28K 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 343 thousand cubic feet a month. Its strongest month on the record we hold was September 2018, at 4,346 thousand cubic feet.
Key facts about ESTES
- Who operates ESTES?
- ESTES is operated by Northstar Operating Company, Railroad Commission of Texas operator number 614609.
- Where is ESTES?
- ESTES is a Texas gas lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 244468.
- Is ESTES still producing?
- ESTES is shut in. The most recent month of production reported to the Railroad Commission of Texas for ESTES is August 2026.
- How much has ESTES produced?
- ESTES has reported 578,735 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2008 and August 2026, from 1 wellbore.
- How much is ESTES worth?
- The remaining production from ESTES is estimated to be worth about $155K in total as of 26 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ESTES is a fraction of it. The estimate fits an Arps decline curve to the production ESTES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ESTES is an estimate of value, not an offer and not an appraisal.
- How much income does ESTES generate in a year?
- ESTES is forecast to net about $28K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ESTES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Northstar Operating Company |
|---|---|
| Field | Phoenix (Silurian) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 244468 |
| Wellbores | 1 |
| Reported production | 578,735 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $155K |
Where ESTES 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.