PEERY
PEERY is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Le Norman Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2015 to August 2026, totalling 296,667 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 $1.1M, with roughly $249K 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 1,645 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 5,560 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 PEERY
- Who operates PEERY?
- PEERY is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is PEERY?
- PEERY is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 279094.
- Is PEERY still producing?
- PEERY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PEERY is August 2026.
- How much has PEERY produced?
- PEERY has reported 296,667 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2015 and August 2026, from 1 wellbore.
- How much is PEERY worth?
- The remaining production from PEERY is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $925K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PEERY is a fraction of it. The estimate fits an Arps decline curve to the production PEERY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PEERY is an estimate of value, not an offer and not an appraisal.
- How much income does PEERY generate in a year?
- PEERY is forecast to net about $249K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PEERY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Le Norman Operating LLC |
|---|---|
| Field | Lipscomb (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 279094 |
| Wellbores | 1 |
| Reported production | 296,667 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where PEERY 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.