DREAM
DREAM is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Range Production Company. It has 1 wellbore on file with the Commission. Reported production runs from June 2009 to August 2026, totalling 182,834 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 $2K, with roughly $272 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 10 thousand cubic feet a month. Its strongest month on the record we hold was December 2016, at 99 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 DREAM
- Who operates DREAM?
- DREAM is operated by Range Production Company, Railroad Commission of Texas operator number 691703.
- Where is DREAM?
- DREAM is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 253231.
- Is DREAM still producing?
- DREAM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DREAM is August 2026.
- How much has DREAM produced?
- DREAM has reported 182,834 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2009 and August 2026, from 1 wellbore.
- How much is DREAM worth?
- The remaining production from DREAM is estimated to be worth about $2K in total as of 26 August 2026, within a range of $1K to $3K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DREAM is a fraction of it. The estimate fits an Arps decline curve to the production DREAM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DREAM is an estimate of value, not an offer and not an appraisal.
- How much income does DREAM generate in a year?
- DREAM is forecast to net about $272 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DREAM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Range Production Company |
|---|---|
| Field | Shreikey (Granite Wash) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 253231 |
| Wellbores | 1 |
| Reported production | 182,834 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2K |
Where DREAM 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.