LEARD #1
LEARD #1 is a Texas gas lease in Upshur County, Railroad Commission district 06, operated by Tyler Oil & Gas Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1999 to August 2026, totalling 1,180,671 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 $259K, with roughly $42K 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 1,493 thousand cubic feet a month. Its strongest month on the record we hold was November 2024, at 2,397 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 LEARD #1
- Who operates LEARD #1?
- LEARD #1 is operated by Tyler Oil & Gas Inc., Railroad Commission of Texas operator number 875233.
- Where is LEARD #1?
- LEARD #1 is a Texas gas lease in Upshur County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 171934.
- Is LEARD #1 still producing?
- LEARD #1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LEARD #1 is August 2026.
- How much has LEARD #1 produced?
- LEARD #1 has reported 1,180,671 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1999 and August 2026, from 1 wellbore.
- How much is LEARD #1 worth?
- The remaining production from LEARD #1 is estimated to be worth about $259K in total as of 26 August 2026, within a range of $215K to $303K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LEARD #1 is a fraction of it. The estimate fits an Arps decline curve to the production LEARD #1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LEARD #1 is an estimate of value, not an offer and not an appraisal.
- How much income does LEARD #1 generate in a year?
- LEARD #1 is forecast to net about $42K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LEARD #1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Tyler Oil & Gas Inc. |
|---|---|
| Field | Rosewood (Cotton Valley) |
| County | Upshur County, Texas |
| RRC district | 06 |
| Lease number | 171934 |
| Wellbores | 1 |
| Reported production | 1,180,671 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $259K |
Where LEARD #1 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.