JACOB
JACOB is a Texas gas lease in Goliad County, Railroad Commission district 02, operated by Milagro Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2008 to August 2026, totalling 321,991 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 $15K, with roughly $7K 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 1,561 thousand cubic feet a month. Its strongest month on the record we hold was June 2018, at 21,931 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 JACOB
- Who operates JACOB?
- JACOB is operated by Milagro Exploration, LLC, Railroad Commission of Texas operator number 566789.
- Where is JACOB?
- JACOB is a Texas gas lease in Goliad County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 247298.
- Is JACOB still producing?
- JACOB is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JACOB is August 2026.
- How much has JACOB produced?
- JACOB has reported 321,991 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2008 and August 2026, from 1 wellbore.
- How much is JACOB worth?
- The remaining production from JACOB is estimated to be worth about $15K in total as of 26 August 2026, within a range of $13K to $18K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JACOB is a fraction of it. The estimate fits an Arps decline curve to the production JACOB has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JACOB is an estimate of value, not an offer and not an appraisal.
- How much income does JACOB generate in a year?
- JACOB is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JACOB receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Milagro Exploration, LLC |
|---|---|
| Field | Fifteen Mile Creek (Wilcox) |
| County | Goliad County, Texas |
| RRC district | 02 |
| Lease number | 247298 |
| Wellbores | 1 |
| Reported production | 321,991 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $15K |
Where JACOB 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.