HERNDON 489
HERNDON 489 is a Texas gas lease in Ochiltree County, Railroad Commission district 10, operated by Axis Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from June 2007 to August 2026, totalling 1,154,373 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 $255K, with roughly $40K 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 1,579 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 5,425 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 HERNDON 489
- Who operates HERNDON 489?
- HERNDON 489 is operated by Axis Energy Corporation, Railroad Commission of Texas operator number 039136.
- Where is HERNDON 489?
- HERNDON 489 is a Texas gas lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 230212.
- Is HERNDON 489 still producing?
- HERNDON 489 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HERNDON 489 is August 2026.
- How much has HERNDON 489 produced?
- HERNDON 489 has reported 1,154,373 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2007 and August 2026, from 1 wellbore.
- How much is HERNDON 489 worth?
- The remaining production from HERNDON 489 is estimated to be worth about $255K in total as of 27 August 2026, within a range of $211K to $298K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HERNDON 489 is a fraction of it. The estimate fits an Arps decline curve to the production HERNDON 489 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HERNDON 489 is an estimate of value, not an offer and not an appraisal.
- How much income does HERNDON 489 generate in a year?
- HERNDON 489 is forecast to net about $40K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HERNDON 489 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Axis Energy Corporation |
|---|---|
| Field | Ellis Ranch (Morrow, Lower) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 230212 |
| Wellbores | 1 |
| Reported production | 1,154,373 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $255K |
Where HERNDON 489 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.