BURNS
BURNS is a Texas gas lease in Smith County, Railroad Commission district 06, operated by Valence Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2002 to August 2026, totalling 884,026 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 $55K, with roughly $8K 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 619 thousand cubic feet a month. Its strongest month on the record we hold was September 2022, at 2,214 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 BURNS
- Who operates BURNS?
- BURNS is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
- Where is BURNS?
- BURNS is a Texas gas lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 193115.
- Is BURNS still producing?
- BURNS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BURNS is August 2026.
- How much has BURNS produced?
- BURNS has reported 884,026 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2002 and August 2026, from 1 wellbore.
- How much is BURNS worth?
- The remaining production from BURNS is estimated to be worth about $55K in total as of 26 August 2026, within a range of $43K to $67K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BURNS is a fraction of it. The estimate fits an Arps decline curve to the production BURNS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BURNS is an estimate of value, not an offer and not an appraisal.
- How much income does BURNS generate in a year?
- BURNS is forecast to net about $8K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BURNS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valence Operating Company |
|---|---|
| Field | P.L. (Travis Peak) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 193115 |
| Wellbores | 1 |
| Reported production | 884,026 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $55K |
Where BURNS 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.