ESTES
ESTES is a Texas gas lease in Lee County, Railroad Commission district 03, operated by Arrow Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from February 1996 to August 2026, totalling 1,346,709 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 $46K, 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 307 thousand cubic feet a month. Its strongest month on the record we hold was June 2019, at 2,500 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 ESTES
- Who operates ESTES?
- ESTES is operated by Arrow Exploration Company, Railroad Commission of Texas operator number 033189.
- Where is ESTES?
- ESTES is a Texas gas lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 158018.
- Is ESTES still producing?
- ESTES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ESTES is August 2026.
- How much has ESTES produced?
- ESTES has reported 1,346,709 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 1996 and August 2026, from 1 wellbore.
- How much is ESTES worth?
- The remaining production from ESTES is estimated to be worth about $46K in total as of 26 August 2026, within a range of $36K to $56K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ESTES is a fraction of it. The estimate fits an Arps decline curve to the production ESTES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ESTES is an estimate of value, not an offer and not an appraisal.
- How much income does ESTES generate in a year?
- ESTES 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 ESTES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Arrow Exploration Company |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 158018 |
| Wellbores | 1 |
| Reported production | 1,346,709 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $46K |
Where ESTES 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.