KOONCE, HOMER
KOONCE, HOMER is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from March 2006 to August 2026, totalling 2,095,129 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 $17K, with roughly $7K 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 443 thousand cubic feet a month. Its strongest month on the record we hold was January 2020, at 5,408 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- 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 220514.
- 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 2,095,129 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2006 and August 2026, from 1 wellbore.
- How much is KOONCE, HOMER worth?
- The remaining production from KOONCE, HOMER is estimated to be worth about $17K in total as of 26 August 2026, within a range of $13K to $20K. 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 $7K 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 Energy Production Co, L.P. |
|---|---|
| Field | Nan-Su-Gail (CV Consolidated) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 220514 |
| Wellbores | 1 |
| Reported production | 2,095,129 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $17K |
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.