THURMAN 23V
THURMAN 23V is a Texas gas lease in Ochiltree County, Railroad Commission district 10, operated by H & L Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 637,263 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 $167K, with roughly $27K 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 1,115 thousand cubic feet a month. Its strongest month on the record we hold was June 2016, at 2,267 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 THURMAN 23V
- Who operates THURMAN 23V?
- THURMAN 23V is operated by H & L Operating Company, Railroad Commission of Texas operator number 341357.
- Where is THURMAN 23V?
- THURMAN 23V is a Texas gas lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 078337.
- Is THURMAN 23V still producing?
- THURMAN 23V is currently producing. The most recent month of production reported to the Railroad Commission of Texas for THURMAN 23V is August 2026.
- How much has THURMAN 23V produced?
- THURMAN 23V has reported 637,263 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is THURMAN 23V worth?
- The remaining production from THURMAN 23V is estimated to be worth about $167K in total as of 27 August 2026, within a range of $139K to $195K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in THURMAN 23V is a fraction of it. The estimate fits an Arps decline curve to the production THURMAN 23V has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for THURMAN 23V is an estimate of value, not an offer and not an appraisal.
- How much income does THURMAN 23V generate in a year?
- THURMAN 23V is forecast to net about $27K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in THURMAN 23V receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | H & L Operating Company |
|---|---|
| Field | Ellis Ranch (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 078337 |
| Wellbores | 1 |
| Reported production | 637,263 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $167K |
Where THURMAN 23V 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.