HUMPHREYS 34
HUMPHREYS 34 is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Le Norman Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2015 to August 2026, totalling 761,492 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 $1.1M, with roughly $220K 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 2,926 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 8,344 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 HUMPHREYS 34
- Who operates HUMPHREYS 34?
- HUMPHREYS 34 is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is HUMPHREYS 34?
- HUMPHREYS 34 is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 278964.
- Is HUMPHREYS 34 still producing?
- HUMPHREYS 34 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HUMPHREYS 34 is August 2026.
- How much has HUMPHREYS 34 produced?
- HUMPHREYS 34 has reported 761,492 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2015 and August 2026, from 1 wellbore.
- How much is HUMPHREYS 34 worth?
- The remaining production from HUMPHREYS 34 is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $912K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HUMPHREYS 34 is a fraction of it. The estimate fits an Arps decline curve to the production HUMPHREYS 34 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HUMPHREYS 34 is an estimate of value, not an offer and not an appraisal.
- How much income does HUMPHREYS 34 generate in a year?
- HUMPHREYS 34 is forecast to net about $220K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HUMPHREYS 34 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Le Norman Operating LLC |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 278964 |
| Wellbores | 1 |
| Reported production | 761,492 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where HUMPHREYS 34 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.