LION
LION is a Texas gas lease in Winkler County, Railroad Commission district 08, operated by Impetro Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2018 to August 2026, totalling 3,210,380 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 $5.4M, with roughly $1.5M 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 21,293 thousand cubic feet a month. Its strongest month on the record we hold was April 2018, at 132,234 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 LION
- Who operates LION?
- LION is operated by Impetro Operating LLC, Railroad Commission of Texas operator number 423519.
- Where is LION?
- LION is a Texas gas lease in Winkler County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 285132.
- Is LION still producing?
- LION is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LION is August 2026.
- How much has LION produced?
- LION has reported 3,210,380 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2018 and August 2026, from 1 wellbore.
- How much is LION worth?
- The remaining production from LION is estimated to be worth about $5.4M in total as of 26 August 2026, within a range of $4.4M to $6.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LION is a fraction of it. The estimate fits an Arps decline curve to the production LION has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LION is an estimate of value, not an offer and not an appraisal.
- How much income does LION generate in a year?
- LION is forecast to net about $1.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LION receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Impetro Operating LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Winkler County, Texas |
| RRC district | 08 |
| Lease number | 285132 |
| Wellbores | 1 |
| Reported production | 3,210,380 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.4M |
Where LION 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.