HOUSTON CARPENTER
HOUSTON CARPENTER is a Texas gas lease in Wise County, Railroad Commission district 09, operated by Richey, Ray Management Co., Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 2009 to August 2026, totalling 1,528,799 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 $52K 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 2,303 thousand cubic feet a month. Its strongest month on the record we hold was January 2017, at 7,308 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 HOUSTON CARPENTER
- Who operates HOUSTON CARPENTER?
- HOUSTON CARPENTER is operated by Richey, Ray Management Co., Inc., Railroad Commission of Texas operator number 709694.
- Where is HOUSTON CARPENTER?
- HOUSTON CARPENTER is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 250473.
- Is HOUSTON CARPENTER still producing?
- HOUSTON CARPENTER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOUSTON CARPENTER is August 2026.
- How much has HOUSTON CARPENTER produced?
- HOUSTON CARPENTER has reported 1,528,799 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2009 and August 2026, from 1 wellbore.
- How much is HOUSTON CARPENTER worth?
- The remaining production from HOUSTON CARPENTER 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 HOUSTON CARPENTER is a fraction of it. The estimate fits an Arps decline curve to the production HOUSTON CARPENTER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOUSTON CARPENTER is an estimate of value, not an offer and not an appraisal.
- How much income does HOUSTON CARPENTER generate in a year?
- HOUSTON CARPENTER is forecast to net about $52K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HOUSTON CARPENTER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Richey, Ray Management Co., Inc. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 250473 |
| Wellbores | 1 |
| Reported production | 1,528,799 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $218K |
Where HOUSTON CARPENTER 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.