AUSTIN, R. E. GAS UNIT
AUSTIN, R. E. GAS UNIT is a Texas gas lease in Wise County, Railroad Commission district 09, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from June 2009 to August 2026, totalling 2,001,140 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 $832K, with roughly $165K 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 7,673 thousand cubic feet a month. Its strongest month on the record we hold was March 2022, at 22,488 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 AUSTIN, R. E. GAS UNIT
- Who operates AUSTIN, R. E. GAS UNIT?
- AUSTIN, R. E. GAS UNIT is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is AUSTIN, R. E. GAS UNIT?
- AUSTIN, R. E. GAS UNIT is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 253632.
- Is AUSTIN, R. E. GAS UNIT still producing?
- AUSTIN, R. E. GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for AUSTIN, R. E. GAS UNIT is August 2026.
- How much has AUSTIN, R. E. GAS UNIT produced?
- AUSTIN, R. E. GAS UNIT has reported 2,001,140 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2009 and August 2026, from 1 wellbore.
- How much is AUSTIN, R. E. GAS UNIT worth?
- The remaining production from AUSTIN, R. E. GAS UNIT is estimated to be worth about $832K in total as of 26 August 2026, within a range of $691K to $974K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in AUSTIN, R. E. GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production AUSTIN, R. E. GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for AUSTIN, R. E. GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does AUSTIN, R. E. GAS UNIT generate in a year?
- AUSTIN, R. E. GAS UNIT is forecast to net about $165K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in AUSTIN, R. E. GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 253632 |
| Wellbores | 1 |
| Reported production | 2,001,140 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $832K |
Where AUSTIN, R. E. GAS UNIT 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.