UNDERWOOD ESTATE
UNDERWOOD ESTATE is a Texas gas lease in Lavaca County, Railroad Commission district 02, operated by Ballard Exploration Company,Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2013 to August 2026, totalling 9,187,068 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 $243K 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 7,247 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 104,595 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 UNDERWOOD ESTATE
- Who operates UNDERWOOD ESTATE?
- UNDERWOOD ESTATE is operated by Ballard Exploration Company,Inc., Railroad Commission of Texas operator number 048169.
- Where is UNDERWOOD ESTATE?
- UNDERWOOD ESTATE is a Texas gas lease in Lavaca County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 269437.
- Is UNDERWOOD ESTATE still producing?
- UNDERWOOD ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNDERWOOD ESTATE is August 2026.
- How much has UNDERWOOD ESTATE produced?
- UNDERWOOD ESTATE has reported 9,187,068 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2013 and August 2026, from 1 wellbore.
- How much is UNDERWOOD ESTATE worth?
- The remaining production from UNDERWOOD ESTATE is estimated to be worth about $1.1M in total as of 27 August 2026, within a range of $888K to $1.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNDERWOOD ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production UNDERWOOD ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNDERWOOD ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does UNDERWOOD ESTATE generate in a year?
- UNDERWOOD ESTATE is forecast to net about $243K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in UNDERWOOD ESTATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ballard Exploration Company,Inc. |
|---|---|
| Field | Sublime, West (Midway, U.) |
| County | Lavaca County, Texas |
| RRC district | 02 |
| Lease number | 269437 |
| Wellbores | 1 |
| Reported production | 9,187,068 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where UNDERWOOD ESTATE 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.