RIES
RIES is a Texas gas lease in Ochiltree County, Railroad Commission district 10, operated by Strat Land Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2014 to August 2026, totalling 533,348 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 $1.2M, with roughly $230K 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 3,197 thousand cubic feet a month. Its strongest month on the record we hold was December 2018, at 6,150 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 RIES
- Who operates RIES?
- RIES is operated by Strat Land Exploration Company, Railroad Commission of Texas operator number 825420.
- Where is RIES?
- RIES is a Texas gas lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 277457.
- Is RIES still producing?
- RIES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RIES is August 2026.
- How much has RIES produced?
- RIES has reported 533,348 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2014 and August 2026, from 1 wellbore.
- How much is RIES worth?
- The remaining production from RIES is estimated to be worth about $1.2M in total as of 27 August 2026, within a range of $963K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RIES is a fraction of it. The estimate fits an Arps decline curve to the production RIES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RIES is an estimate of value, not an offer and not an appraisal.
- How much income does RIES generate in a year?
- RIES is forecast to net about $230K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RIES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Strat Land Exploration Company |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 277457 |
| Wellbores | 1 |
| Reported production | 533,348 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where RIES 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.