APPEL 438
APPEL 438 is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Eog Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2008 to August 2026, totalling 1,356,732 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 $210K, with roughly $33K 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 1,540 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 5,033 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 APPEL 438
- Who operates APPEL 438?
- APPEL 438 is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is APPEL 438?
- APPEL 438 is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 239135.
- Is APPEL 438 still producing?
- APPEL 438 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for APPEL 438 is August 2026.
- How much has APPEL 438 produced?
- APPEL 438 has reported 1,356,732 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2008 and August 2026, from 1 wellbore.
- How much is APPEL 438 worth?
- The remaining production from APPEL 438 is estimated to be worth about $210K in total as of 26 August 2026, within a range of $175K to $246K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in APPEL 438 is a fraction of it. The estimate fits an Arps decline curve to the production APPEL 438 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for APPEL 438 is an estimate of value, not an offer and not an appraisal.
- How much income does APPEL 438 generate in a year?
- APPEL 438 is forecast to net about $33K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in APPEL 438 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Lipscomb (Atoka) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 239135 |
| Wellbores | 1 |
| Reported production | 1,356,732 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $210K |
Where APPEL 438 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.