STATE TRACT 29
STATE TRACT 29 is a Texas gas lease in Jefferson County, Railroad Commission district 03, operated by Ballard Exploration Company,Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2012 to August 2026, totalling 4,256,717 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 $8.5M, with roughly $1.8M 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 20,699 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 38,168 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 STATE TRACT 29
- Who operates STATE TRACT 29?
- STATE TRACT 29 is operated by Ballard Exploration Company,Inc., Railroad Commission of Texas operator number 048169.
- Where is STATE TRACT 29?
- STATE TRACT 29 is a Texas gas lease in Jefferson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 269162.
- Is STATE TRACT 29 still producing?
- STATE TRACT 29 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE TRACT 29 is August 2026.
- How much has STATE TRACT 29 produced?
- STATE TRACT 29 has reported 4,256,717 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2012 and August 2026, from 1 wellbore.
- How much is STATE TRACT 29 worth?
- The remaining production from STATE TRACT 29 is estimated to be worth about $8.5M in total as of 27 August 2026, within a range of $6.9M to $10.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE TRACT 29 is a fraction of it. The estimate fits an Arps decline curve to the production STATE TRACT 29 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE TRACT 29 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE TRACT 29 generate in a year?
- STATE TRACT 29 is forecast to net about $1.8M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE TRACT 29 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ballard Exploration Company,Inc. |
|---|---|
| Field | Pleasure Island (Hackberry 2) |
| County | Jefferson County, Texas |
| RRC district | 03 |
| Lease number | 269162 |
| Wellbores | 1 |
| Reported production | 4,256,717 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.5M |
Where STATE TRACT 29 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.