HEARD
HEARD is a Texas gas lease in Starr County, Railroad Commission district 04, operated by Ram Operating Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2010 to August 2026, totalling 798,065 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 $352K, with roughly $62K 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 1,737 thousand cubic feet a month. Its strongest month on the record we hold was September 2017, at 3,619 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 HEARD
- Who operates HEARD?
- HEARD is operated by Ram Operating Company, Inc., Railroad Commission of Texas operator number 689317.
- Where is HEARD?
- HEARD is a Texas gas lease in Starr County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 256318.
- Is HEARD still producing?
- HEARD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HEARD is August 2026.
- How much has HEARD produced?
- HEARD has reported 798,065 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2010 and August 2026, from 1 wellbore.
- How much is HEARD worth?
- The remaining production from HEARD is estimated to be worth about $352K in total as of 26 August 2026, within a range of $292K to $411K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HEARD is a fraction of it. The estimate fits an Arps decline curve to the production HEARD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HEARD is an estimate of value, not an offer and not an appraisal.
- How much income does HEARD generate in a year?
- HEARD is forecast to net about $62K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HEARD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ram Operating Company, Inc. |
|---|---|
| Field | La Copita (Vicksburg Cons.) |
| County | Starr County, Texas |
| RRC district | 04 |
| Lease number | 256318 |
| Wellbores | 1 |
| Reported production | 798,065 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $352K |
Where HEARD 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.