WALTER 24
WALTER 24 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 May 2017 to August 2026, totalling 784,706 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 $1.0M, with roughly $205K 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 3,665 thousand cubic feet a month. Its strongest month on the record we hold was June 2017, at 40,623 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 WALTER 24
- Who operates WALTER 24?
- WALTER 24 is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is WALTER 24?
- WALTER 24 is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 282909.
- Is WALTER 24 still producing?
- WALTER 24 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WALTER 24 is August 2026.
- How much has WALTER 24 produced?
- WALTER 24 has reported 784,706 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2017 and August 2026, from 1 wellbore.
- How much is WALTER 24 worth?
- The remaining production from WALTER 24 is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $857K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WALTER 24 is a fraction of it. The estimate fits an Arps decline curve to the production WALTER 24 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WALTER 24 is an estimate of value, not an offer and not an appraisal.
- How much income does WALTER 24 generate in a year?
- WALTER 24 is forecast to net about $205K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WALTER 24 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 | 282909 |
| Wellbores | 1 |
| Reported production | 784,706 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where WALTER 24 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.