SEARLS 34-115
SEARLS 34-115 is a Texas gas lease in Ward County, Railroad Commission district 08, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from September 2014 to August 2026, totalling 231,461 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 $201K, with roughly $43K 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 281 thousand cubic feet a month. Its strongest month on the record we hold was April 2018, at 6,764 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 SEARLS 34-115
- Who operates SEARLS 34-115?
- SEARLS 34-115 is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is SEARLS 34-115?
- SEARLS 34-115 is a Texas gas lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 300515.
- Is SEARLS 34-115 still producing?
- SEARLS 34-115 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SEARLS 34-115 is August 2026.
- How much has SEARLS 34-115 produced?
- SEARLS 34-115 has reported 231,461 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2014 and August 2026, from 1 wellbore.
- How much is SEARLS 34-115 worth?
- The remaining production from SEARLS 34-115 is estimated to be worth about $201K in total as of 27 August 2026, within a range of $157K to $245K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SEARLS 34-115 is a fraction of it. The estimate fits an Arps decline curve to the production SEARLS 34-115 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SEARLS 34-115 is an estimate of value, not an offer and not an appraisal.
- How much income does SEARLS 34-115 generate in a year?
- SEARLS 34-115 is forecast to net about $43K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SEARLS 34-115 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 300515 |
| Wellbores | 1 |
| Reported production | 231,461 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $201K |
Where SEARLS 34-115 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.