WALES
WALES is a Texas gas lease in Schleicher County, Railroad Commission district 7C, operated by Unit Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 2003 to August 2026, totalling 267,182 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 $12K, with roughly $1K 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 144 thousand cubic feet a month. Its strongest month on the record we hold was May 2025, at 1,049 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 WALES
- Who operates WALES?
- WALES is operated by Unit Petroleum Company, Railroad Commission of Texas operator number 877099.
- Where is WALES?
- WALES is a Texas gas lease in Schleicher County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 193336.
- Is WALES still producing?
- WALES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WALES is August 2026.
- How much has WALES produced?
- WALES has reported 267,182 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2003 and August 2026, from 1 wellbore.
- How much is WALES worth?
- The remaining production from WALES is estimated to be worth about $12K in total as of 27 August 2026, within a range of $9K to $14K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WALES is a fraction of it. The estimate fits an Arps decline curve to the production WALES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WALES is an estimate of value, not an offer and not an appraisal.
- How much income does WALES generate in a year?
- WALES is forecast to net about $1K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WALES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Unit Petroleum Company |
|---|---|
| Field | University 53 (Canyon) |
| County | Schleicher County, Texas |
| RRC district | 7C |
| Lease number | 193336 |
| Wellbores | 1 |
| Reported production | 267,182 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $12K |
Where WALES 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.