FEE LAND
FEE LAND is a Texas gas lease in Gray County, Railroad Commission district 10, operated by Hemi Production. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 176,966 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 $44K, 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 330 thousand cubic feet a month. Its strongest month on the record we hold was August 2019, at 532 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 FEE LAND
- Who operates FEE LAND?
- FEE LAND is operated by Hemi Production, Railroad Commission of Texas operator number 374999.
- Where is FEE LAND?
- FEE LAND is a Texas gas lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 025425.
- Is FEE LAND still producing?
- FEE LAND is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FEE LAND is August 2026.
- How much has FEE LAND produced?
- FEE LAND has reported 176,966 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is FEE LAND worth?
- The remaining production from FEE LAND is estimated to be worth about $44K in total as of 26 August 2026, within a range of $35K to $54K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FEE LAND is a fraction of it. The estimate fits an Arps decline curve to the production FEE LAND has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FEE LAND is an estimate of value, not an offer and not an appraisal.
- How much income does FEE LAND generate in a year?
- FEE LAND 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 FEE LAND receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hemi Production |
|---|---|
| Field | Panhandle, West |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 025425 |
| Wellbores | 1 |
| Reported production | 176,966 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $44K |
Where FEE LAND 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.