VENT
VENT is a Texas gas lease in Moore County, Railroad Commission district 10, operated by Phillips Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,396,900 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 $89K, with roughly $32K 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 2,060 thousand cubic feet a month. Its strongest month on the record we hold was February 2023, at 3,745 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 VENT
- Who operates VENT?
- VENT is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is VENT?
- VENT is a Texas gas lease in Moore County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 025188.
- Is VENT still producing?
- VENT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VENT is August 2026.
- How much has VENT produced?
- VENT has reported 1,396,900 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is VENT worth?
- The remaining production from VENT is estimated to be worth about $89K in total as of 26 August 2026, within a range of $74K to $104K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VENT is a fraction of it. The estimate fits an Arps decline curve to the production VENT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VENT is an estimate of value, not an offer and not an appraisal.
- How much income does VENT generate in a year?
- VENT is forecast to net about $32K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in VENT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Panhandle, West |
| County | Moore County, Texas |
| RRC district | 10 |
| Lease number | 025188 |
| Wellbores | 1 |
| Reported production | 1,396,900 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $89K |
Where VENT 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.