BIVINS ESTATE
BIVINS ESTATE 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 733,899 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 $104K, with roughly $17K 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 743 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 1,522 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 BIVINS ESTATE
- Who operates BIVINS ESTATE?
- BIVINS ESTATE is operated by Maxus Exploration Company, Railroad Commission of Texas operator number 534237.
- Where is BIVINS ESTATE?
- BIVINS ESTATE is a Texas gas lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 040877.
- Is BIVINS ESTATE still producing?
- BIVINS ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BIVINS ESTATE is August 2026.
- How much has BIVINS ESTATE produced?
- BIVINS ESTATE has reported 733,899 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BIVINS ESTATE worth?
- The remaining production from BIVINS ESTATE is estimated to be worth about $104K in total as of 27 August 2026, within a range of $81K to $127K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BIVINS ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production BIVINS ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BIVINS ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does BIVINS ESTATE generate in a year?
- BIVINS ESTATE is forecast to net about $17K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BIVINS ESTATE 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 | 040877 |
| Wellbores | 1 |
| Reported production | 733,899 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $104K |
Where BIVINS ESTATE 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.