WILLIAM 347
WILLIAM 347 is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Upland Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2002 to August 2026, totalling 124,053 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 $20K, with roughly $2K 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 127 thousand cubic feet a month. Its strongest month on the record we hold was May 2020, at 403 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 WILLIAM 347
- Who operates WILLIAM 347?
- WILLIAM 347 is operated by Upland Resources, Inc., Railroad Commission of Texas operator number 878933.
- Where is WILLIAM 347?
- WILLIAM 347 is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 192637.
- Is WILLIAM 347 still producing?
- WILLIAM 347 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WILLIAM 347 is August 2026.
- How much has WILLIAM 347 produced?
- WILLIAM 347 has reported 124,053 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2002 and August 2026, from 1 wellbore.
- How much is WILLIAM 347 worth?
- The remaining production from WILLIAM 347 is estimated to be worth about $20K in total as of 26 August 2026, within a range of $15K to $24K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WILLIAM 347 is a fraction of it. The estimate fits an Arps decline curve to the production WILLIAM 347 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WILLIAM 347 is an estimate of value, not an offer and not an appraisal.
- How much income does WILLIAM 347 generate in a year?
- WILLIAM 347 is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WILLIAM 347 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Upland Resources, Inc. |
|---|---|
| Field | Higgins, South (Morrow) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 192637 |
| Wellbores | 1 |
| Reported production | 124,053 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $20K |
Where WILLIAM 347 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.