READ L
READ L is a Texas gas lease in Hutchinson County, Railroad Commission district 10, operated by Linn Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2007 to August 2026, totalling 510,894 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 $165K, with roughly $28K 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 808 thousand cubic feet a month. Its strongest month on the record we hold was October 2018, at 4,307 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 READ L
- Who operates READ L?
- READ L is operated by Linn Operating, Inc., Railroad Commission of Texas operator number 501545.
- Where is READ L?
- READ L is a Texas gas lease in Hutchinson County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 234105.
- Is READ L still producing?
- READ L is currently producing. The most recent month of production reported to the Railroad Commission of Texas for READ L is August 2026.
- How much has READ L produced?
- READ L has reported 510,894 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2007 and August 2026, from 1 wellbore.
- How much is READ L worth?
- The remaining production from READ L is estimated to be worth about $165K in total as of 27 August 2026, within a range of $128K to $201K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in READ L is a fraction of it. The estimate fits an Arps decline curve to the production READ L has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for READ L is an estimate of value, not an offer and not an appraisal.
- How much income does READ L generate in a year?
- READ L is forecast to net about $28K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in READ L receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Linn Operating, Inc. |
|---|---|
| Field | Panhandle, West |
| County | Hutchinson County, Texas |
| RRC district | 10 |
| Lease number | 234105 |
| Wellbores | 1 |
| Reported production | 510,894 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $165K |
Where READ L 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.