MILKY WAY
MILKY WAY is a Texas gas lease in Harris County, Railroad Commission district 03, operated by Gordy Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 2025 to August 2026, totalling 1,034,134 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 $7.5M, with roughly $1.9M 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 72,340 thousand cubic feet a month. Its strongest month on the record we hold was April 2025, at 110,602 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MILKY WAY
- Who operates MILKY WAY?
- MILKY WAY is operated by Gordy Oil Company, Railroad Commission of Texas operator number 317150.
- Where is MILKY WAY?
- MILKY WAY is a Texas gas lease in Harris County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 299005.
- Is MILKY WAY still producing?
- MILKY WAY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILKY WAY is August 2026.
- How much has MILKY WAY produced?
- MILKY WAY has reported 1,034,134 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2025 and August 2026, from 1 wellbore.
- How much is MILKY WAY worth?
- The remaining production from MILKY WAY is estimated to be worth about $7.5M in total as of 26 August 2026, within a range of $6.2M to $8.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILKY WAY is a fraction of it. The estimate fits an Arps decline curve to the production MILKY WAY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILKY WAY is an estimate of value, not an offer and not an appraisal.
- How much income does MILKY WAY generate in a year?
- MILKY WAY is forecast to net about $1.9M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILKY WAY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gordy Oil Company |
|---|---|
| Field | Rankin (Cook MTN. IV) |
| County | Harris County, Texas |
| RRC district | 03 |
| Lease number | 299005 |
| Wellbores | 1 |
| Reported production | 1,034,134 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.5M |
Where MILKY WAY 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.