KING
KING is a Texas gas lease in Limestone County, Railroad Commission district 05, operated by Sklar & Phillips Oil Co. It has 1 wellbore on file with the Commission. Reported production runs from June 1994 to August 2026, totalling 1,673,506 thousand cubic feet. The lease is intermittent. 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 $10K, with roughly $1K 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 29 thousand cubic feet a month. Its strongest month on the record we hold was November 2020, at 511 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 KING
- Who operates KING?
- KING is operated by Sklar & Phillips Oil Co., Railroad Commission of Texas operator number 785920.
- Where is KING?
- KING is a Texas gas lease in Limestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 150941.
- Is KING still producing?
- KING is intermittent. The most recent month of production reported to the Railroad Commission of Texas for KING is August 2026.
- How much has KING produced?
- KING has reported 1,673,506 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 1994 and August 2026, from 1 wellbore.
- How much is KING worth?
- The remaining production from KING is estimated to be worth about $10K in total as of 27 August 2026, within a range of $5K to $14K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KING is a fraction of it. The estimate fits an Arps decline curve to the production KING has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KING is an estimate of value, not an offer and not an appraisal.
- How much income does KING generate in a year?
- KING is forecast to net about $1K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KING receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sklar & Phillips Oil Co. |
|---|---|
| Field | Oletha (Travis Peak) |
| County | Limestone County, Texas |
| RRC district | 05 |
| Lease number | 150941 |
| Wellbores | 1 |
| Reported production | 1,673,506 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $10K |
Where KING 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.