KOONCE, HOMER
KOONCE, HOMER is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Devon Louisiana Corporation. It has 1 wellbore on file with the Commission. Reported production runs from August 2004 to August 2026, totalling 1,564,788 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 $161K, with roughly $29K 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 1,344 thousand cubic feet a month. Its strongest month on the record we hold was October 2016, at 4,641 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 KOONCE, HOMER
- Who operates KOONCE, HOMER?
- KOONCE, HOMER is operated by Devon Louisiana Corporation, Railroad Commission of Texas operator number 216731.
- Where is KOONCE, HOMER?
- KOONCE, HOMER is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 205589.
- Is KOONCE, HOMER still producing?
- KOONCE, HOMER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KOONCE, HOMER is August 2026.
- How much has KOONCE, HOMER produced?
- KOONCE, HOMER has reported 1,564,788 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2004 and August 2026, from 1 wellbore.
- How much is KOONCE, HOMER worth?
- The remaining production from KOONCE, HOMER is estimated to be worth about $161K in total as of 26 August 2026, within a range of $134K to $188K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KOONCE, HOMER is a fraction of it. The estimate fits an Arps decline curve to the production KOONCE, HOMER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KOONCE, HOMER is an estimate of value, not an offer and not an appraisal.
- How much income does KOONCE, HOMER generate in a year?
- KOONCE, HOMER is forecast to net about $29K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KOONCE, HOMER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Louisiana Corporation |
|---|---|
| Field | Nan-Su-Gail (CV Consolidated) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 205589 |
| Wellbores | 1 |
| Reported production | 1,564,788 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $161K |
Where KOONCE, HOMER 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.