READ
READ is a Texas gas lease in Moore County, Railroad Commission district 10, operated by Mesa Operating Co. It has 1 wellbore on file with the Commission. Reported production runs from July 1995 to August 2026, totalling 1,067,405 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 $163K, with roughly $35K 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 1,665 thousand cubic feet a month. Its strongest month on the record we hold was July 2023, at 3,211 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 READ
- Who operates READ?
- READ is operated by Mesa Operating Co., Railroad Commission of Texas operator number 561824.
- Where is READ?
- READ is a Texas gas lease in Moore County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 155645.
- Is READ still producing?
- READ is currently producing. The most recent month of production reported to the Railroad Commission of Texas for READ is August 2026.
- How much has READ produced?
- READ has reported 1,067,405 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 1995 and August 2026, from 1 wellbore.
- How much is READ worth?
- The remaining production from READ is estimated to be worth about $163K in total as of 26 August 2026, within a range of $135K to $190K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in READ is a fraction of it. The estimate fits an Arps decline curve to the production READ has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for READ is an estimate of value, not an offer and not an appraisal.
- How much income does READ generate in a year?
- READ is forecast to net about $35K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in READ receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mesa Operating Co. |
|---|---|
| Field | Panhandle, West |
| County | Moore County, Texas |
| RRC district | 10 |
| Lease number | 155645 |
| Wellbores | 1 |
| Reported production | 1,067,405 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $163K |
Where READ 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.