BUCHANAN
BUCHANAN is a Texas gas lease in Wise County, Railroad Commission district 09, operated by Midpar L.P. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 459,733 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 $218K, with roughly $41K 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 1,914 thousand cubic feet a month. Its strongest month on the record we hold was January 2023, at 2,703 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 BUCHANAN
- Who operates BUCHANAN?
- BUCHANAN is operated by Midpar L.P., Railroad Commission of Texas operator number 565905.
- Where is BUCHANAN?
- BUCHANAN is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 073474.
- Is BUCHANAN still producing?
- BUCHANAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BUCHANAN is August 2026.
- How much has BUCHANAN produced?
- BUCHANAN has reported 459,733 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BUCHANAN worth?
- The remaining production from BUCHANAN is estimated to be worth about $218K in total as of 26 August 2026, within a range of $181K to $255K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BUCHANAN is a fraction of it. The estimate fits an Arps decline curve to the production BUCHANAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BUCHANAN is an estimate of value, not an offer and not an appraisal.
- How much income does BUCHANAN generate in a year?
- BUCHANAN is forecast to net about $41K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BUCHANAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Midpar L.P. |
|---|---|
| Field | Boonsville (Bend Congl., Gas) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 073474 |
| Wellbores | 1 |
| Reported production | 459,733 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $218K |
Where BUCHANAN 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.