HART ESTATE 451
HART ESTATE 451 is a Texas gas lease in Palo Pinto County, Railroad Commission district 09, operated by Burlington Resources O & G Co LP. It has 1 wellbore on file with the Commission. Reported production runs from June 2008 to August 2026, totalling 390,030 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 $112K, with roughly $22K 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 704 thousand cubic feet a month. Its strongest month on the record we hold was October 2016, at 3,187 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 HART ESTATE 451
- Who operates HART ESTATE 451?
- HART ESTATE 451 is operated by Burlington Resources O & G Co LP, Railroad Commission of Texas operator number 109333.
- Where is HART ESTATE 451?
- HART ESTATE 451 is a Texas gas lease in Palo Pinto County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 251419.
- Is HART ESTATE 451 still producing?
- HART ESTATE 451 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HART ESTATE 451 is August 2026.
- How much has HART ESTATE 451 produced?
- HART ESTATE 451 has reported 390,030 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2008 and August 2026, from 1 wellbore.
- How much is HART ESTATE 451 worth?
- The remaining production from HART ESTATE 451 is estimated to be worth about $112K in total as of 26 August 2026, within a range of $87K to $136K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HART ESTATE 451 is a fraction of it. The estimate fits an Arps decline curve to the production HART ESTATE 451 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HART ESTATE 451 is an estimate of value, not an offer and not an appraisal.
- How much income does HART ESTATE 451 generate in a year?
- HART ESTATE 451 is forecast to net about $22K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HART ESTATE 451 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Burlington Resources O & G Co LP |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Palo Pinto County, Texas |
| RRC district | 09 |
| Lease number | 251419 |
| Wellbores | 1 |
| Reported production | 390,030 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $112K |
Where HART ESTATE 451 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.