LANGFORD
LANGFORD is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by H-M Resource Management, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 1994 to August 2026, totalling 423,007 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 $38K, with roughly $6K 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 228 thousand cubic feet a month. Its strongest month on the record we hold was March 2018, at 1,431 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 LANGFORD
- Who operates LANGFORD?
- LANGFORD is operated by H-M Resource Management, Inc., Railroad Commission of Texas operator number 341468.
- Where is LANGFORD?
- LANGFORD is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 150899.
- Is LANGFORD still producing?
- LANGFORD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LANGFORD is August 2026.
- How much has LANGFORD produced?
- LANGFORD has reported 423,007 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 1994 and August 2026, from 1 wellbore.
- How much is LANGFORD worth?
- The remaining production from LANGFORD is estimated to be worth about $38K in total as of 26 August 2026, within a range of $29K to $46K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LANGFORD is a fraction of it. The estimate fits an Arps decline curve to the production LANGFORD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LANGFORD is an estimate of value, not an offer and not an appraisal.
- How much income does LANGFORD generate in a year?
- LANGFORD is forecast to net about $6K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LANGFORD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | H-M Resource Management, Inc. |
|---|---|
| Field | Frasier (Duffer) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 150899 |
| Wellbores | 1 |
| Reported production | 423,007 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $38K |
Where LANGFORD 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.