EAST RICHARDS UNIT
EAST RICHARDS UNIT is a Texas gas lease in Grimes County, Railroad Commission district 03, operated by Southern Bay Operating, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from February 2008 to August 2026, totalling 3,538,134 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 $915K, with roughly $138K 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 6,179 thousand cubic feet a month. Its strongest month on the record we hold was September 2016, at 14,866 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 EAST RICHARDS UNIT
- Who operates EAST RICHARDS UNIT?
- EAST RICHARDS UNIT is operated by Southern Bay Operating, L.L.C., Railroad Commission of Texas operator number 803494.
- Where is EAST RICHARDS UNIT?
- EAST RICHARDS UNIT is a Texas gas lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 236334.
- Is EAST RICHARDS UNIT still producing?
- EAST RICHARDS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EAST RICHARDS UNIT is August 2026.
- How much has EAST RICHARDS UNIT produced?
- EAST RICHARDS UNIT has reported 3,538,134 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2008 and August 2026, from 1 wellbore.
- How much is EAST RICHARDS UNIT worth?
- The remaining production from EAST RICHARDS UNIT is estimated to be worth about $915K in total as of 26 August 2026, within a range of $759K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EAST RICHARDS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production EAST RICHARDS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EAST RICHARDS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does EAST RICHARDS UNIT generate in a year?
- EAST RICHARDS UNIT is forecast to net about $138K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in EAST RICHARDS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Southern Bay Operating, L.L.C. |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 236334 |
| Wellbores | 1 |
| Reported production | 3,538,134 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $915K |
Where EAST RICHARDS UNIT 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.