KING, HARRY L. 506
KING, HARRY L. 506 is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Maxus Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 243,850 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 $47K, 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 318 thousand cubic feet a month. Its strongest month on the record we hold was December 2017, at 1,764 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 KING, HARRY L. 506
- Who operates KING, HARRY L. 506?
- KING, HARRY L. 506 is operated by Maxus Exploration Company, Railroad Commission of Texas operator number 534237.
- Where is KING, HARRY L. 506?
- KING, HARRY L. 506 is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 075331.
- Is KING, HARRY L. 506 still producing?
- KING, HARRY L. 506 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KING, HARRY L. 506 is August 2026.
- How much has KING, HARRY L. 506 produced?
- KING, HARRY L. 506 has reported 243,850 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is KING, HARRY L. 506 worth?
- The remaining production from KING, HARRY L. 506 is estimated to be worth about $47K in total as of 27 August 2026, within a range of $37K to $58K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KING, HARRY L. 506 is a fraction of it. The estimate fits an Arps decline curve to the production KING, HARRY L. 506 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KING, HARRY L. 506 is an estimate of value, not an offer and not an appraisal.
- How much income does KING, HARRY L. 506 generate in a year?
- KING, HARRY L. 506 is forecast to net about $7K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KING, HARRY L. 506 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Maxus Exploration Company |
|---|---|
| Field | Lipscomb, S. W. (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 075331 |
| Wellbores | 1 |
| Reported production | 243,850 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $47K |
Where KING, HARRY L. 506 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.