LEDBETTER
LEDBETTER is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Bilmac Oil Co., Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 145,027 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 $2K, with roughly $220 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 10 thousand cubic feet a month. Its strongest month on the record we hold was December 2023, at 56 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 100% 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 LEDBETTER
- Who operates LEDBETTER?
- LEDBETTER is operated by Bilmac Oil Co., Inc., Railroad Commission of Texas operator number 070875.
- Where is LEDBETTER?
- LEDBETTER is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 103382.
- Is LEDBETTER still producing?
- LEDBETTER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEDBETTER is August 2026.
- How much has LEDBETTER produced?
- LEDBETTER has reported 145,027 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is LEDBETTER worth?
- The remaining production from LEDBETTER is estimated to be worth about $2K in total as of 26 August 2026, within a range of $0 to $3K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEDBETTER is a fraction of it. The estimate fits an Arps decline curve to the production LEDBETTER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEDBETTER is an estimate of value, not an offer and not an appraisal.
- How much income does LEDBETTER generate in a year?
- LEDBETTER is forecast to net about $220 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEDBETTER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bilmac Oil Co., Inc. |
|---|---|
| Field | Ledbetter (Ranger 3620) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 103382 |
| Wellbores | 1 |
| Reported production | 145,027 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2K |
Where LEDBETTER 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.