BROWN NE "203"
BROWN NE "203" is a Texas gas lease in Terrell County, Railroad Commission district 7C, operated by Fasken Oil And Ranch, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from April 2007 to August 2026, totalling 369,484 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 $305, with roughly $306 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 517 thousand cubic feet a month. Its strongest month on the record we hold was February 2025, at 1,955 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 BROWN NE "203"
- Who operates BROWN NE "203"?
- BROWN NE "203" is operated by Fasken Oil And Ranch, Ltd., Railroad Commission of Texas operator number 263696.
- Where is BROWN NE "203"?
- BROWN NE "203" is a Texas gas lease in Terrell County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 228908.
- Is BROWN NE "203" still producing?
- BROWN NE "203" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BROWN NE "203" is August 2026.
- How much has BROWN NE "203" produced?
- BROWN NE "203" has reported 369,484 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2007 and August 2026, from 1 wellbore.
- How much is BROWN NE "203" worth?
- The remaining production from BROWN NE "203" is estimated to be worth about $305 in total as of 26 August 2026, within a range of $238 to $372. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BROWN NE "203" is a fraction of it. The estimate fits an Arps decline curve to the production BROWN NE "203" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BROWN NE "203" is an estimate of value, not an offer and not an appraisal.
- How much income does BROWN NE "203" generate in a year?
- BROWN NE "203" is forecast to net about $306 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BROWN NE "203" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fasken Oil And Ranch, Ltd. |
|---|---|
| Field | Geaslin (Wolfcamp) |
| County | Terrell County, Texas |
| RRC district | 7C |
| Lease number | 228908 |
| Wellbores | 1 |
| Reported production | 369,484 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $305 |
Where BROWN NE "203" 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.