RICHARDSON, LETHA M.
RICHARDSON, LETHA M. is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Lacy Operations, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from February 2009 to August 2026, totalling 531,049 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 $13K, with roughly $6K 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 378 thousand cubic feet a month. Its strongest month on the record we hold was September 2018, at 3,607 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 RICHARDSON, LETHA M.
- Who operates RICHARDSON, LETHA M.?
- RICHARDSON, LETHA M. is operated by Lacy Operations, Ltd., Railroad Commission of Texas operator number 480882.
- Where is RICHARDSON, LETHA M.?
- RICHARDSON, LETHA M. is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 247797.
- Is RICHARDSON, LETHA M. still producing?
- RICHARDSON, LETHA M. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RICHARDSON, LETHA M. is August 2026.
- How much has RICHARDSON, LETHA M. produced?
- RICHARDSON, LETHA M. has reported 531,049 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2009 and August 2026, from 1 wellbore.
- How much is RICHARDSON, LETHA M. worth?
- The remaining production from RICHARDSON, LETHA M. is estimated to be worth about $13K in total as of 27 August 2026, within a range of $10K to $16K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RICHARDSON, LETHA M. is a fraction of it. The estimate fits an Arps decline curve to the production RICHARDSON, LETHA M. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RICHARDSON, LETHA M. is an estimate of value, not an offer and not an appraisal.
- How much income does RICHARDSON, LETHA M. generate in a year?
- RICHARDSON, LETHA M. is forecast to net about $6K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RICHARDSON, LETHA M. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lacy Operations, Ltd. |
|---|---|
| Field | Mann, North (Cotton Valley SD.) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 247797 |
| Wellbores | 1 |
| Reported production | 531,049 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $13K |
Where RICHARDSON, LETHA M. 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.