ATHA
ATHA is a Texas gas lease in Sherman County, Railroad Commission district 10, operated by Maxus Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 313,328 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 $71K, with roughly $11K 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 380 thousand cubic feet a month. Its strongest month on the record we hold was September 2020, at 824 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 ATHA
- Who operates ATHA?
- ATHA is operated by Maxus Exploration Company, Railroad Commission of Texas operator number 534237.
- Where is ATHA?
- ATHA is a Texas gas lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 083511.
- Is ATHA still producing?
- ATHA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ATHA is August 2026.
- How much has ATHA produced?
- ATHA has reported 313,328 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is ATHA worth?
- The remaining production from ATHA is estimated to be worth about $71K in total as of 26 August 2026, within a range of $55K to $87K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ATHA is a fraction of it. The estimate fits an Arps decline curve to the production ATHA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ATHA is an estimate of value, not an offer and not an appraisal.
- How much income does ATHA generate in a year?
- ATHA is forecast to net about $11K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ATHA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Maxus Exploration Company |
|---|---|
| Field | Texas Hugoton |
| County | Sherman County, Texas |
| RRC district | 10 |
| Lease number | 083511 |
| Wellbores | 1 |
| Reported production | 313,328 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $71K |
Where ATHA 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.