RUTH 23
RUTH 23 is a Texas gas lease in Gray County, Railroad Commission district 10, operated by Seek Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2023 to August 2026, totalling 655,667 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 $662K, with roughly $269K 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 16,574 thousand cubic feet a month. Its strongest month on the record we hold was August 2024, at 33,915 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 RUTH 23
- Who operates RUTH 23?
- RUTH 23 is operated by Seek Energy, LLC, Railroad Commission of Texas operator number 763160.
- Where is RUTH 23?
- RUTH 23 is a Texas gas lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 296009.
- Is RUTH 23 still producing?
- RUTH 23 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RUTH 23 is August 2026.
- How much has RUTH 23 produced?
- RUTH 23 has reported 655,667 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2023 and August 2026, from 1 wellbore.
- How much is RUTH 23 worth?
- The remaining production from RUTH 23 is estimated to be worth about $662K in total as of 26 August 2026, within a range of $543K to $781K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RUTH 23 is a fraction of it. The estimate fits an Arps decline curve to the production RUTH 23 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RUTH 23 is an estimate of value, not an offer and not an appraisal.
- How much income does RUTH 23 generate in a year?
- RUTH 23 is forecast to net about $269K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RUTH 23 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Seek Energy, LLC |
|---|---|
| Field | Hoover, Ne (Virgil) |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 296009 |
| Wellbores | 1 |
| Reported production | 655,667 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $662K |
Where RUTH 23 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.