KRING UNIT
KRING UNIT is a Texas gas lease in Hood County, Railroad Commission district 09, operated by Range Production Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2008 to August 2026, totalling 1,483,061 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 $511K, with roughly $77K 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 3,400 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 6,116 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 KRING UNIT
- Who operates KRING UNIT?
- KRING UNIT is operated by Range Production Company, Railroad Commission of Texas operator number 691703.
- Where is KRING UNIT?
- KRING UNIT is a Texas gas lease in Hood County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 245501.
- Is KRING UNIT still producing?
- KRING UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KRING UNIT is August 2026.
- How much has KRING UNIT produced?
- KRING UNIT has reported 1,483,061 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2008 and August 2026, from 1 wellbore.
- How much is KRING UNIT worth?
- The remaining production from KRING UNIT is estimated to be worth about $511K in total as of 27 August 2026, within a range of $424K to $598K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KRING UNIT is a fraction of it. The estimate fits an Arps decline curve to the production KRING UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KRING UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does KRING UNIT generate in a year?
- KRING UNIT is forecast to net about $77K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KRING UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Range Production Company |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Hood County, Texas |
| RRC district | 09 |
| Lease number | 245501 |
| Wellbores | 1 |
| Reported production | 1,483,061 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $511K |
Where KRING 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.