KELLY 124
KELLY 124 is a Texas gas lease in Sutton County, Railroad Commission district 7C, operated by Highmount Expl & Prod Texas LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2010 to August 2026, totalling 191,474 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 $79K, with roughly $16K 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 575 thousand cubic feet a month. Its strongest month on the record we hold was November 2016, at 1,579 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 KELLY 124
- Who operates KELLY 124?
- KELLY 124 is operated by Highmount Expl & Prod Texas LLC, Railroad Commission of Texas operator number 385842.
- Where is KELLY 124?
- KELLY 124 is a Texas gas lease in Sutton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 261755.
- Is KELLY 124 still producing?
- KELLY 124 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KELLY 124 is August 2026.
- How much has KELLY 124 produced?
- KELLY 124 has reported 191,474 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2010 and August 2026, from 1 wellbore.
- How much is KELLY 124 worth?
- The remaining production from KELLY 124 is estimated to be worth about $79K in total as of 27 August 2026, within a range of $61K to $96K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KELLY 124 is a fraction of it. The estimate fits an Arps decline curve to the production KELLY 124 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KELLY 124 is an estimate of value, not an offer and not an appraisal.
- How much income does KELLY 124 generate in a year?
- KELLY 124 is forecast to net about $16K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KELLY 124 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Highmount Expl & Prod Texas LLC |
|---|---|
| Field | Sawyer (Canyon) |
| County | Sutton County, Texas |
| RRC district | 7C |
| Lease number | 261755 |
| Wellbores | 1 |
| Reported production | 191,474 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $79K |
Where KELLY 124 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.