BLACK RANCH
BLACK RANCH is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Russell Brothers Oil & Gas. It has 1 wellbore on file with the Commission. Reported production runs from August 2003 to August 2026, totalling 189,490 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 $178K, with roughly $37K 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 417 thousand cubic feet a month. Its strongest month on the record we hold was June 2018, at 801 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 BLACK RANCH
- Who operates BLACK RANCH?
- BLACK RANCH is operated by Russell Brothers Oil & Gas, Railroad Commission of Texas operator number 735232.
- Where is BLACK RANCH?
- BLACK RANCH is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 197269.
- Is BLACK RANCH still producing?
- BLACK RANCH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BLACK RANCH is August 2026.
- How much has BLACK RANCH produced?
- BLACK RANCH has reported 189,490 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2003 and August 2026, from 1 wellbore.
- How much is BLACK RANCH worth?
- The remaining production from BLACK RANCH is estimated to be worth about $178K in total as of 26 August 2026, within a range of $139K to $217K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BLACK RANCH is a fraction of it. The estimate fits an Arps decline curve to the production BLACK RANCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BLACK RANCH is an estimate of value, not an offer and not an appraisal.
- How much income does BLACK RANCH generate in a year?
- BLACK RANCH is forecast to net about $37K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BLACK RANCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Russell Brothers Oil & Gas |
|---|---|
| Field | Stephens County Regular |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 197269 |
| Wellbores | 1 |
| Reported production | 189,490 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $178K |
Where BLACK RANCH 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.