USA BL
USA BL is a Texas gas lease in San Augustine County, Railroad Commission district 06, operated by Aethon Energy Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2025 to August 2026, totalling 2,190,983 thousand cubic feet. The lease is intermittent. 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 $67.9M, with roughly $10.3M 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 158,973 thousand cubic feet a month. Its strongest month on the record we hold was March 2026, at 494,767 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 USA BL
- Who operates USA BL?
- USA BL is operated by Aethon Energy Operating LLC, Railroad Commission of Texas operator number 008555.
- Where is USA BL?
- USA BL is a Texas gas lease in San Augustine County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 299737.
- Is USA BL still producing?
- USA BL is intermittent. The most recent month of production reported to the Railroad Commission of Texas for USA BL is August 2026.
- How much has USA BL produced?
- USA BL has reported 2,190,983 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2025 and August 2026, from 1 wellbore.
- How much is USA BL worth?
- The remaining production from USA BL is estimated to be worth about $67.9M in total as of 26 August 2026, within a range of $55.7M to $80.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in USA BL is a fraction of it. The estimate fits an Arps decline curve to the production USA BL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for USA BL is an estimate of value, not an offer and not an appraisal.
- How much income does USA BL generate in a year?
- USA BL is forecast to net about $10.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in USA BL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Aethon Energy Operating LLC |
|---|---|
| Field | Carthage (Haynesville Shale) |
| County | San Augustine County, Texas |
| RRC district | 06 |
| Lease number | 299737 |
| Wellbores | 1 |
| Reported production | 2,190,983 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $67.9M |
Where USA BL 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.