RUTH 2
RUTH 2 is a Texas gas lease in Wheeler County, Railroad Commission district 10, operated by SM Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from December 2013 to August 2026, totalling 2,102,906 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 $641K, with roughly $111K 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 2,958 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 16,407 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 RUTH 2
- Who operates RUTH 2?
- RUTH 2 is operated by SM Energy Company, Railroad Commission of Texas operator number 788997.
- Where is RUTH 2?
- RUTH 2 is a Texas gas lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 276374.
- Is RUTH 2 still producing?
- RUTH 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RUTH 2 is August 2026.
- How much has RUTH 2 produced?
- RUTH 2 has reported 2,102,906 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2013 and August 2026, from 1 wellbore.
- How much is RUTH 2 worth?
- The remaining production from RUTH 2 is estimated to be worth about $641K in total as of 26 August 2026, within a range of $532K to $749K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RUTH 2 is a fraction of it. The estimate fits an Arps decline curve to the production RUTH 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RUTH 2 is an estimate of value, not an offer and not an appraisal.
- How much income does RUTH 2 generate in a year?
- RUTH 2 is forecast to net about $111K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RUTH 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | SM Energy Company |
|---|---|
| Field | Stiles Ranch (Granite Wash Cons) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 276374 |
| Wellbores | 1 |
| Reported production | 2,102,906 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $641K |
Where RUTH 2 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.