GEARHART
GEARHART is a Texas gas lease in Moore County, Railroad Commission district 10, operated by Maxus Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 2,180,508 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 $168K, with roughly $34K 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 834 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 1,977 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 GEARHART
- Who operates GEARHART?
- GEARHART is operated by Maxus Exploration Company, Railroad Commission of Texas operator number 534237.
- Where is GEARHART?
- GEARHART is a Texas gas lease in Moore County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 025537.
- Is GEARHART still producing?
- GEARHART is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GEARHART is August 2026.
- How much has GEARHART produced?
- GEARHART has reported 2,180,508 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GEARHART worth?
- The remaining production from GEARHART is estimated to be worth about $168K in total as of 26 August 2026, within a range of $131K to $205K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GEARHART is a fraction of it. The estimate fits an Arps decline curve to the production GEARHART has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GEARHART is an estimate of value, not an offer and not an appraisal.
- How much income does GEARHART generate in a year?
- GEARHART is forecast to net about $34K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GEARHART receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Maxus Exploration Company |
|---|---|
| Field | Panhandle, West |
| County | Moore County, Texas |
| RRC district | 10 |
| Lease number | 025537 |
| Wellbores | 1 |
| Reported production | 2,180,508 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $168K |
Where GEARHART 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.