WELLS
WELLS is a Texas gas lease in Moore County, Railroad Commission district 10, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from March 2004 to August 2026, totalling 207,315 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 $32K, with roughly $6K 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 239 thousand cubic feet a month. Its strongest month on the record we hold was March 2020, at 2,285 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 WELLS
- Who operates WELLS?
- WELLS is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is WELLS?
- WELLS is a Texas gas lease in Moore County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 203130.
- Is WELLS still producing?
- WELLS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WELLS is August 2026.
- How much has WELLS produced?
- WELLS has reported 207,315 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2004 and August 2026, from 1 wellbore.
- How much is WELLS worth?
- The remaining production from WELLS is estimated to be worth about $32K in total as of 26 August 2026, within a range of $25K to $39K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WELLS is a fraction of it. The estimate fits an Arps decline curve to the production WELLS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WELLS is an estimate of value, not an offer and not an appraisal.
- How much income does WELLS generate in a year?
- WELLS is forecast to net about $6K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WELLS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Panhandle, West (Red Cave North) |
| County | Moore County, Texas |
| RRC district | 10 |
| Lease number | 203130 |
| Wellbores | 1 |
| Reported production | 207,315 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $32K |
Where WELLS 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.