VELMER MAE
VELMER MAE is a Texas gas lease in Grimes County, Railroad Commission district 03, operated by Marathon Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from June 1997 to August 2026, totalling 6,646,171 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 a standard royalty share at about $8K, with roughly $1K expected over the next twelve months.
| Operator | Marathon Oil Company |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 163801 |
| Wellbores | 1 |
| Reported production | 6,646,171 mcf |
| First reported | June 1997 |
| Last reported | August 2026 |
| Estimated royalty value | $8K |
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.