KATE
KATE is a Texas gas lease in Gray County, Railroad Commission district 10, operated by Pursley Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 51,344 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 $31K, with roughly $5K 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 239 thousand cubic feet a month. Its strongest month on the record we hold was May 2021, at 572 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 KATE
- Who operates KATE?
- KATE is operated by Pursley Gas Company, Railroad Commission of Texas operator number 683190.
- Where is KATE?
- KATE is a Texas gas lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 026574.
- Is KATE still producing?
- KATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KATE is August 2026.
- How much has KATE produced?
- KATE has reported 51,344 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is KATE worth?
- The remaining production from KATE is estimated to be worth about $31K in total as of 26 August 2026, within a range of $24K to $38K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KATE is a fraction of it. The estimate fits an Arps decline curve to the production KATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KATE is an estimate of value, not an offer and not an appraisal.
- How much income does KATE generate in a year?
- KATE is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pursley Gas Company |
|---|---|
| Field | Panhandle, East |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 026574 |
| Wellbores | 1 |
| Reported production | 51,344 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $31K |
Where KATE 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.