POLAR
POLAR is a Texas gas lease in Leon County, Railroad Commission district 05, operated by Valence Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from July 2007 to August 2026, totalling 1,358,338 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 $537K, with roughly $85K 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 3,746 thousand cubic feet a month. Its strongest month on the record we hold was June 2025, at 5,509 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 POLAR
- Who operates POLAR?
- POLAR is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
- Where is POLAR?
- POLAR is a Texas gas lease in Leon County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 233315.
- Is POLAR still producing?
- POLAR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for POLAR is August 2026.
- How much has POLAR produced?
- POLAR has reported 1,358,338 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2007 and August 2026, from 1 wellbore.
- How much is POLAR worth?
- The remaining production from POLAR is estimated to be worth about $537K in total as of 26 August 2026, within a range of $445K to $628K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in POLAR is a fraction of it. The estimate fits an Arps decline curve to the production POLAR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for POLAR is an estimate of value, not an offer and not an appraisal.
- How much income does POLAR generate in a year?
- POLAR is forecast to net about $85K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in POLAR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valence Operating Company |
|---|---|
| Field | Farrar (Cotton Valley Lime) |
| County | Leon County, Texas |
| RRC district | 05 |
| Lease number | 233315 |
| Wellbores | 1 |
| Reported production | 1,358,338 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $537K |
Where POLAR 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.