LEDBETTER GAS UNIT 2
LEDBETTER GAS UNIT 2 is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Valence Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from July 2008 to August 2026, totalling 1,095,301 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 $182K, with roughly $37K 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 2,008 thousand cubic feet a month. Its strongest month on the record we hold was March 2021, at 6,791 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 LEDBETTER GAS UNIT 2
- Who operates LEDBETTER GAS UNIT 2?
- LEDBETTER GAS UNIT 2 is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
- Where is LEDBETTER GAS UNIT 2?
- LEDBETTER GAS UNIT 2 is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 243004.
- Is LEDBETTER GAS UNIT 2 still producing?
- LEDBETTER GAS UNIT 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEDBETTER GAS UNIT 2 is August 2026.
- How much has LEDBETTER GAS UNIT 2 produced?
- LEDBETTER GAS UNIT 2 has reported 1,095,301 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2008 and August 2026, from 1 wellbore.
- How much is LEDBETTER GAS UNIT 2 worth?
- The remaining production from LEDBETTER GAS UNIT 2 is estimated to be worth about $182K in total as of 26 August 2026, within a range of $151K to $213K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEDBETTER GAS UNIT 2 is a fraction of it. The estimate fits an Arps decline curve to the production LEDBETTER GAS UNIT 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEDBETTER GAS UNIT 2 is an estimate of value, not an offer and not an appraisal.
- How much income does LEDBETTER GAS UNIT 2 generate in a year?
- LEDBETTER GAS UNIT 2 is forecast to net about $37K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEDBETTER GAS UNIT 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valence Operating Company |
|---|---|
| Field | Teague (CV-Bossier Cons.) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 243004 |
| Wellbores | 1 |
| Reported production | 1,095,301 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $182K |
Where LEDBETTER GAS UNIT 2 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.