PIPER 603
PIPER 603 is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Questar Expl. And Prod. Co. It has 1 wellbore on file with the Commission. Reported production runs from June 2009 to August 2026, totalling 2,485,574 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 $2.0M, with roughly $334K 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 10,879 thousand cubic feet a month. Its strongest month on the record we hold was April 2020, at 19,226 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 PIPER 603
- Who operates PIPER 603?
- PIPER 603 is operated by Questar Expl. And Prod. Co., Railroad Commission of Texas operator number 684636.
- Where is PIPER 603?
- PIPER 603 is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 254773.
- Is PIPER 603 still producing?
- PIPER 603 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PIPER 603 is August 2026.
- How much has PIPER 603 produced?
- PIPER 603 has reported 2,485,574 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2009 and August 2026, from 1 wellbore.
- How much is PIPER 603 worth?
- The remaining production from PIPER 603 is estimated to be worth about $2.0M in total as of 26 August 2026, within a range of $1.7M to $2.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PIPER 603 is a fraction of it. The estimate fits an Arps decline curve to the production PIPER 603 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PIPER 603 is an estimate of value, not an offer and not an appraisal.
- How much income does PIPER 603 generate in a year?
- PIPER 603 is forecast to net about $334K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PIPER 603 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Questar Expl. And Prod. Co. |
|---|---|
| Field | Bradford, S.E. (Atoka) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 254773 |
| Wellbores | 1 |
| Reported production | 2,485,574 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.0M |
Where PIPER 603 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.