HORTON
HORTON is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from October 2001 to August 2026, totalling 773,903 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 $107K, 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 1,205 thousand cubic feet a month. Its strongest month on the record we hold was January 2021, at 3,407 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 HORTON
- Who operates HORTON?
- HORTON is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is HORTON?
- HORTON is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 185808.
- Is HORTON still producing?
- HORTON is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HORTON is August 2026.
- How much has HORTON produced?
- HORTON has reported 773,903 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2001 and August 2026, from 1 wellbore.
- How much is HORTON worth?
- The remaining production from HORTON is estimated to be worth about $107K in total as of 27 August 2026, within a range of $89K to $125K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HORTON is a fraction of it. The estimate fits an Arps decline curve to the production HORTON has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HORTON is an estimate of value, not an offer and not an appraisal.
- How much income does HORTON generate in a year?
- HORTON 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 HORTON 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 | Carthage, North (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 185808 |
| Wellbores | 1 |
| Reported production | 773,903 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $107K |
Where HORTON 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.