CONRAD
CONRAD is a Texas gas lease in Roberts County, Railroad Commission district 10, operated by Universal Resources Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1996 to August 2026, totalling 2,239,640 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 $430K, with roughly $66K 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 2,410 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 11,456 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 CONRAD
- Who operates CONRAD?
- CONRAD is operated by Universal Resources Corp., Railroad Commission of Texas operator number 878413.
- Where is CONRAD?
- CONRAD is a Texas gas lease in Roberts County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 157912.
- Is CONRAD still producing?
- CONRAD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CONRAD is August 2026.
- How much has CONRAD produced?
- CONRAD has reported 2,239,640 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1996 and August 2026, from 1 wellbore.
- How much is CONRAD worth?
- The remaining production from CONRAD is estimated to be worth about $430K in total as of 26 August 2026, within a range of $357K to $503K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CONRAD is a fraction of it. The estimate fits an Arps decline curve to the production CONRAD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CONRAD is an estimate of value, not an offer and not an appraisal.
- How much income does CONRAD generate in a year?
- CONRAD is forecast to net about $66K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CONRAD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Universal Resources Corp. |
|---|---|
| Field | Morrison Ranch (Morrow Lo.) |
| County | Roberts County, Texas |
| RRC district | 10 |
| Lease number | 157912 |
| Wellbores | 1 |
| Reported production | 2,239,640 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $430K |
Where CONRAD 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.