RINGGOLD FARMS 1
RINGGOLD FARMS 1 is a Texas gas lease in Starr County, Railroad Commission district 04, operated by Mortimer Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,680,522 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 $104K, with roughly $16K 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 873 thousand cubic feet a month. Its strongest month on the record we hold was October 2016, at 3,248 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 RINGGOLD FARMS 1
- Who operates RINGGOLD FARMS 1?
- RINGGOLD FARMS 1 is operated by Mortimer Exploration Company, Railroad Commission of Texas operator number 589955.
- Where is RINGGOLD FARMS 1?
- RINGGOLD FARMS 1 is a Texas gas lease in Starr County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 123139.
- Is RINGGOLD FARMS 1 still producing?
- RINGGOLD FARMS 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RINGGOLD FARMS 1 is August 2026.
- How much has RINGGOLD FARMS 1 produced?
- RINGGOLD FARMS 1 has reported 1,680,522 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is RINGGOLD FARMS 1 worth?
- The remaining production from RINGGOLD FARMS 1 is estimated to be worth about $104K in total as of 27 August 2026, within a range of $81K to $127K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RINGGOLD FARMS 1 is a fraction of it. The estimate fits an Arps decline curve to the production RINGGOLD FARMS 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RINGGOLD FARMS 1 is an estimate of value, not an offer and not an appraisal.
- How much income does RINGGOLD FARMS 1 generate in a year?
- RINGGOLD FARMS 1 is forecast to net about $16K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RINGGOLD FARMS 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mortimer Exploration Company |
|---|---|
| Field | Arroyo Los Olmos (Yegua 25) |
| County | Starr County, Texas |
| RRC district | 04 |
| Lease number | 123139 |
| Wellbores | 1 |
| Reported production | 1,680,522 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $104K |
Where RINGGOLD FARMS 1 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.