BEST
BEST is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Apache Corporation. It has 1 wellbore on file with the Commission. Reported production runs from June 1998 to August 2026, totalling 2,122,699 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 $286K, with roughly $44K 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 1,940 thousand cubic feet a month. Its strongest month on the record we hold was March 2022, at 2,735 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 BEST
- Who operates BEST?
- BEST is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is BEST?
- BEST is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 169332.
- Is BEST still producing?
- BEST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BEST is August 2026.
- How much has BEST produced?
- BEST has reported 2,122,699 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 1998 and August 2026, from 1 wellbore.
- How much is BEST worth?
- The remaining production from BEST is estimated to be worth about $286K in total as of 26 August 2026, within a range of $238K to $335K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BEST is a fraction of it. The estimate fits an Arps decline curve to the production BEST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BEST is an estimate of value, not an offer and not an appraisal.
- How much income does BEST generate in a year?
- BEST is forecast to net about $44K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BEST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Stewards Mill, Ne. (CVL) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 169332 |
| Wellbores | 1 |
| Reported production | 2,122,699 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $286K |
Where BEST 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.