WARD UNIT
WARD UNIT is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by L.C.S. Production Company. It has 1 wellbore on file with the Commission. Reported production runs from October 2000 to August 2026, totalling 388,675 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 $61K, with roughly $11K 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 75 thousand cubic feet a month. Its strongest month on the record we hold was July 2018, at 613 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 WARD UNIT
- Who operates WARD UNIT?
- WARD UNIT is operated by L.C.S. Production Company, Railroad Commission of Texas operator number 479574.
- Where is WARD UNIT?
- WARD UNIT is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 180868.
- Is WARD UNIT still producing?
- WARD UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WARD UNIT is August 2026.
- How much has WARD UNIT produced?
- WARD UNIT has reported 388,675 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2000 and August 2026, from 1 wellbore.
- How much is WARD UNIT worth?
- The remaining production from WARD UNIT is estimated to be worth about $61K in total as of 26 August 2026, within a range of $34K to $88K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WARD UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WARD UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WARD UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WARD UNIT generate in a year?
- WARD UNIT is forecast to net about $11K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WARD UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | L.C.S. Production Company |
|---|---|
| Field | Cliff Hanger (Miss) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 180868 |
| Wellbores | 1 |
| Reported production | 388,675 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $61K |
Where WARD UNIT 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.