HAPGOOD RANCH
HAPGOOD RANCH is a Texas gas lease in Clay County, Railroad Commission district 09, operated by Lone Star Land & Energy II, LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2017 to August 2026, totalling 1,246,762 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 $1.0M, with roughly $191K 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 7,182 thousand cubic feet a month. Its strongest month on the record we hold was October 2017, at 23,532 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 HAPGOOD RANCH
- Who operates HAPGOOD RANCH?
- HAPGOOD RANCH is operated by Lone Star Land & Energy II, LLC, Railroad Commission of Texas operator number 507230.
- Where is HAPGOOD RANCH?
- HAPGOOD RANCH is a Texas gas lease in Clay County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 281897.
- Is HAPGOOD RANCH still producing?
- HAPGOOD RANCH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HAPGOOD RANCH is August 2026.
- How much has HAPGOOD RANCH produced?
- HAPGOOD RANCH has reported 1,246,762 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2017 and August 2026, from 1 wellbore.
- How much is HAPGOOD RANCH worth?
- The remaining production from HAPGOOD RANCH is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $871K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HAPGOOD RANCH is a fraction of it. The estimate fits an Arps decline curve to the production HAPGOOD RANCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HAPGOOD RANCH is an estimate of value, not an offer and not an appraisal.
- How much income does HAPGOOD RANCH generate in a year?
- HAPGOOD RANCH is forecast to net about $191K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HAPGOOD RANCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lone Star Land & Energy II, LLC |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Clay County, Texas |
| RRC district | 09 |
| Lease number | 281897 |
| Wellbores | 1 |
| Reported production | 1,246,762 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where HAPGOOD RANCH 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.