CIRCLE DOT R
CIRCLE DOT R is a Texas gas lease in Wheeler County, Railroad Commission district 10, operated by Raydon Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 2004 to August 2026, totalling 446,731 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 $168K, with roughly $26K 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 1,085 thousand cubic feet a month. Its strongest month on the record we hold was November 2016, at 1,692 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 CIRCLE DOT R
- Who operates CIRCLE DOT R?
- CIRCLE DOT R is operated by Raydon Exploration, Inc., Railroad Commission of Texas operator number 695569.
- Where is CIRCLE DOT R?
- CIRCLE DOT R is a Texas gas lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 203140.
- Is CIRCLE DOT R still producing?
- CIRCLE DOT R is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CIRCLE DOT R is August 2026.
- How much has CIRCLE DOT R produced?
- CIRCLE DOT R has reported 446,731 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2004 and August 2026, from 1 wellbore.
- How much is CIRCLE DOT R worth?
- The remaining production from CIRCLE DOT R is estimated to be worth about $168K in total as of 26 August 2026, within a range of $140K to $197K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CIRCLE DOT R is a fraction of it. The estimate fits an Arps decline curve to the production CIRCLE DOT R has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CIRCLE DOT R is an estimate of value, not an offer and not an appraisal.
- How much income does CIRCLE DOT R generate in a year?
- CIRCLE DOT R is forecast to net about $26K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CIRCLE DOT R receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Raydon Exploration, Inc. |
|---|---|
| Field | Green House (Douglas) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 203140 |
| Wellbores | 1 |
| Reported production | 446,731 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $168K |
Where CIRCLE DOT R 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.