ISAACS 148
ISAACS 148 is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from November 2012 to August 2026, totalling 1,706,087 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 $845K, with roughly $164K 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 4,062 thousand cubic feet a month. Its strongest month on the record we hold was July 2020, at 11,546 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 ISAACS 148
- Who operates ISAACS 148?
- ISAACS 148 is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is ISAACS 148?
- ISAACS 148 is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 272302.
- Is ISAACS 148 still producing?
- ISAACS 148 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ISAACS 148 is August 2026.
- How much has ISAACS 148 produced?
- ISAACS 148 has reported 1,706,087 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2012 and August 2026, from 1 wellbore.
- How much is ISAACS 148 worth?
- The remaining production from ISAACS 148 is estimated to be worth about $845K in total as of 26 August 2026, within a range of $701K to $988K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ISAACS 148 is a fraction of it. The estimate fits an Arps decline curve to the production ISAACS 148 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ISAACS 148 is an estimate of value, not an offer and not an appraisal.
- How much income does ISAACS 148 generate in a year?
- ISAACS 148 is forecast to net about $164K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ISAACS 148 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Mathers Ranch (Granite Wash) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 272302 |
| Wellbores | 1 |
| Reported production | 1,706,087 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $845K |
Where ISAACS 148 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.