WHARTON, AZEL
WHARTON, AZEL is a Texas gas lease in Palo Pinto County, Railroad Commission district 7B, operated by K & M Exploration, 1973-3 Ltd. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 93,110 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 $28K, with roughly $4K 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 137 thousand cubic feet a month. Its strongest month on the record we hold was October 2017, at 295 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 WHARTON, AZEL
- Who operates WHARTON, AZEL?
- WHARTON, AZEL is operated by K & M Exploration, 1973-3 Ltd., Railroad Commission of Texas operator number 448842.
- Where is WHARTON, AZEL?
- WHARTON, AZEL is a Texas gas lease in Palo Pinto County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 120702.
- Is WHARTON, AZEL still producing?
- WHARTON, AZEL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHARTON, AZEL is August 2026.
- How much has WHARTON, AZEL produced?
- WHARTON, AZEL has reported 93,110 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WHARTON, AZEL worth?
- The remaining production from WHARTON, AZEL is estimated to be worth about $28K in total as of 27 August 2026, within a range of $22K to $35K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHARTON, AZEL is a fraction of it. The estimate fits an Arps decline curve to the production WHARTON, AZEL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHARTON, AZEL is an estimate of value, not an offer and not an appraisal.
- How much income does WHARTON, AZEL generate in a year?
- WHARTON, AZEL is forecast to net about $4K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WHARTON, AZEL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | K & M Exploration, 1973-3 Ltd. |
|---|---|
| Field | Brazos (Marble Falls) |
| County | Palo Pinto County, Texas |
| RRC district | 7B |
| Lease number | 120702 |
| Wellbores | 1 |
| Reported production | 93,110 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $28K |
Where WHARTON, AZEL 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.