FLANAGAN, O.E.
FLANAGAN, O.E. is a Texas gas lease in Rusk County, Railroad Commission district 06, operated by Princess Three Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2008 to August 2026, totalling 462,817 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 $120K, with roughly $19K 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 778 thousand cubic feet a month. Its strongest month on the record we hold was November 2023, at 2,163 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 FLANAGAN, O.E.
- Who operates FLANAGAN, O.E.?
- FLANAGAN, O.E. is operated by Princess Three Operating, LLC, Railroad Commission of Texas operator number 677993.
- Where is FLANAGAN, O.E.?
- FLANAGAN, O.E. is a Texas gas lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 240439.
- Is FLANAGAN, O.E. still producing?
- FLANAGAN, O.E. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FLANAGAN, O.E. is August 2026.
- How much has FLANAGAN, O.E. produced?
- FLANAGAN, O.E. has reported 462,817 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2008 and August 2026, from 1 wellbore.
- How much is FLANAGAN, O.E. worth?
- The remaining production from FLANAGAN, O.E. is estimated to be worth about $120K in total as of 26 August 2026, within a range of $94K to $147K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FLANAGAN, O.E. is a fraction of it. The estimate fits an Arps decline curve to the production FLANAGAN, O.E. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FLANAGAN, O.E. is an estimate of value, not an offer and not an appraisal.
- How much income does FLANAGAN, O.E. generate in a year?
- FLANAGAN, O.E. is forecast to net about $19K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FLANAGAN, O.E. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Princess Three Operating, LLC |
|---|---|
| Field | Henderson, E. (Cotton Valley) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 240439 |
| Wellbores | 1 |
| Reported production | 462,817 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $120K |
Where FLANAGAN, O.E. 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.