FOSTER UNIT 248
FOSTER UNIT 248 is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Jones Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2013 to August 2026, totalling 845,499 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 $30K, with roughly $10K 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 519 thousand cubic feet a month. Its strongest month on the record we hold was May 2018, at 10,719 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 FOSTER UNIT 248
- Who operates FOSTER UNIT 248?
- FOSTER UNIT 248 is operated by Jones Energy, LLC, Railroad Commission of Texas operator number 441132.
- Where is FOSTER UNIT 248?
- FOSTER UNIT 248 is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 276329.
- Is FOSTER UNIT 248 still producing?
- FOSTER UNIT 248 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FOSTER UNIT 248 is August 2026.
- How much has FOSTER UNIT 248 produced?
- FOSTER UNIT 248 has reported 845,499 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2013 and August 2026, from 1 wellbore.
- How much is FOSTER UNIT 248 worth?
- The remaining production from FOSTER UNIT 248 is estimated to be worth about $30K in total as of 26 August 2026, within a range of $23K to $36K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FOSTER UNIT 248 is a fraction of it. The estimate fits an Arps decline curve to the production FOSTER UNIT 248 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FOSTER UNIT 248 is an estimate of value, not an offer and not an appraisal.
- How much income does FOSTER UNIT 248 generate in a year?
- FOSTER UNIT 248 is forecast to net about $10K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FOSTER UNIT 248 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jones Energy, LLC |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 276329 |
| Wellbores | 1 |
| Reported production | 845,499 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $30K |
Where FOSTER UNIT 248 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.