KEY
KEY is a Texas gas lease in Hood County, Railroad Commission district 7B, operated by Royale Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 271,501 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 $25K, with roughly $7K 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 373 thousand cubic feet a month. Its strongest month on the record we hold was December 2020, at 811 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 KEY
- Who operates KEY?
- KEY is operated by Royale Operating Company, Railroad Commission of Texas operator number 731979.
- Where is KEY?
- KEY is a Texas gas lease in Hood County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 078250.
- Is KEY still producing?
- KEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KEY is August 2026.
- How much has KEY produced?
- KEY has reported 271,501 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is KEY worth?
- The remaining production from KEY is estimated to be worth about $25K in total as of 26 August 2026, within a range of $19K to $30K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KEY is a fraction of it. The estimate fits an Arps decline curve to the production KEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KEY is an estimate of value, not an offer and not an appraisal.
- How much income does KEY generate in a year?
- KEY is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Royale Operating Company |
|---|---|
| Field | Lipan (Marble Falls) |
| County | Hood County, Texas |
| RRC district | 7B |
| Lease number | 078250 |
| Wellbores | 1 |
| Reported production | 271,501 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $25K |
Where KEY 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.