PAYNE RANCH
PAYNE RANCH is a Texas gas lease in Montague County, Railroad Commission district 09, operated by Eog Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2012 to August 2026, totalling 473,475 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 $188K, with roughly $59K 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 1,104 thousand cubic feet a month. Its strongest month on the record we hold was September 2016, at 4,972 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 PAYNE RANCH
- Who operates PAYNE RANCH?
- PAYNE RANCH is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is PAYNE RANCH?
- PAYNE RANCH is a Texas gas lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 269409.
- Is PAYNE RANCH still producing?
- PAYNE RANCH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PAYNE RANCH is August 2026.
- How much has PAYNE RANCH produced?
- PAYNE RANCH has reported 473,475 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2012 and August 2026, from 1 wellbore.
- How much is PAYNE RANCH worth?
- The remaining production from PAYNE RANCH is estimated to be worth about $188K in total as of 26 August 2026, within a range of $156K to $220K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PAYNE RANCH is a fraction of it. The estimate fits an Arps decline curve to the production PAYNE RANCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PAYNE RANCH is an estimate of value, not an offer and not an appraisal.
- How much income does PAYNE RANCH generate in a year?
- PAYNE RANCH is forecast to net about $59K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PAYNE RANCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 269409 |
| Wellbores | 1 |
| Reported production | 473,475 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $188K |
Where PAYNE RANCH 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.