WATERS 240
WATERS 240 is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Presidio Petroleum LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2019 to August 2026, totalling 136,690 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 $232K, with roughly $72K 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 1,298 thousand cubic feet a month. Its strongest month on the record we hold was October 2019, at 3,463 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 WATERS 240
- Who operates WATERS 240?
- WATERS 240 is operated by Presidio Petroleum LLC, Railroad Commission of Texas operator number 676084.
- Where is WATERS 240?
- WATERS 240 is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 290710.
- Is WATERS 240 still producing?
- WATERS 240 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATERS 240 is August 2026.
- How much has WATERS 240 produced?
- WATERS 240 has reported 136,690 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2019 and August 2026, from 1 wellbore.
- How much is WATERS 240 worth?
- The remaining production from WATERS 240 is estimated to be worth about $232K in total as of 26 August 2026, within a range of $193K to $272K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATERS 240 is a fraction of it. The estimate fits an Arps decline curve to the production WATERS 240 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATERS 240 is an estimate of value, not an offer and not an appraisal.
- How much income does WATERS 240 generate in a year?
- WATERS 240 is forecast to net about $72K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WATERS 240 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Presidio Petroleum LLC |
|---|---|
| Field | Lipscomb (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 290710 |
| Wellbores | 1 |
| Reported production | 136,690 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $232K |
Where WATERS 240 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.