ESPY 40
ESPY 40 is a Texas gas lease in Sutton County, Railroad Commission district 7C, operated by Dreyfus, Louis Natural Gas Corp. It has 1 wellbore on file with the Commission. Reported production runs from December 1996 to August 2026, totalling 294,530 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 $66K, with roughly $12K 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 466 thousand cubic feet a month. Its strongest month on the record we hold was June 2019, at 765 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 ESPY 40
- Who operates ESPY 40?
- ESPY 40 is operated by Dreyfus, Louis Natural Gas Corp, Railroad Commission of Texas operator number 228125.
- Where is ESPY 40?
- ESPY 40 is a Texas gas lease in Sutton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 162467.
- Is ESPY 40 still producing?
- ESPY 40 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ESPY 40 is August 2026.
- How much has ESPY 40 produced?
- ESPY 40 has reported 294,530 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 1996 and August 2026, from 1 wellbore.
- How much is ESPY 40 worth?
- The remaining production from ESPY 40 is estimated to be worth about $66K in total as of 26 August 2026, within a range of $52K to $81K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ESPY 40 is a fraction of it. The estimate fits an Arps decline curve to the production ESPY 40 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ESPY 40 is an estimate of value, not an offer and not an appraisal.
- How much income does ESPY 40 generate in a year?
- ESPY 40 is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ESPY 40 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Dreyfus, Louis Natural Gas Corp |
|---|---|
| Field | Sawyer (Canyon) |
| County | Sutton County, Texas |
| RRC district | 7C |
| Lease number | 162467 |
| Wellbores | 1 |
| Reported production | 294,530 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $66K |
Where ESPY 40 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.