INDEPENDENCE 13
INDEPENDENCE 13 is a Texas gas lease in Terrell County, Railroad Commission district 7C, operated by Conoco Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 1996 to August 2026, totalling 2,018,351 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 $845K, with roughly $164K 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 2,675 thousand cubic feet a month. Its strongest month on the record we hold was November 2017, at 4,578 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 INDEPENDENCE 13
- Who operates INDEPENDENCE 13?
- INDEPENDENCE 13 is operated by Conoco Inc., Railroad Commission of Texas operator number 172230.
- Where is INDEPENDENCE 13?
- INDEPENDENCE 13 is a Texas gas lease in Terrell County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 159305.
- Is INDEPENDENCE 13 still producing?
- INDEPENDENCE 13 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for INDEPENDENCE 13 is August 2026.
- How much has INDEPENDENCE 13 produced?
- INDEPENDENCE 13 has reported 2,018,351 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 1996 and August 2026, from 1 wellbore.
- How much is INDEPENDENCE 13 worth?
- The remaining production from INDEPENDENCE 13 is estimated to be worth about $845K in total as of 27 August 2026, within a range of $701K to $988K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in INDEPENDENCE 13 is a fraction of it. The estimate fits an Arps decline curve to the production INDEPENDENCE 13 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for INDEPENDENCE 13 is an estimate of value, not an offer and not an appraisal.
- How much income does INDEPENDENCE 13 generate in a year?
- INDEPENDENCE 13 is forecast to net about $164K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in INDEPENDENCE 13 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conoco Inc. |
|---|---|
| Field | Deer Canyon (Strawn) |
| County | Terrell County, Texas |
| RRC district | 7C |
| Lease number | 159305 |
| Wellbores | 1 |
| Reported production | 2,018,351 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $845K |
Where INDEPENDENCE 13 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.