NEEL, BESS M.
NEEL, BESS M. is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Kerr-Mcgee Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 422,372 thousand cubic feet. The lease is intermittent. 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 $16K, with roughly $2K 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 35 thousand cubic feet a month. Its strongest month on the record we hold was April 2019, at 354 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 NEEL, BESS M.
- Who operates NEEL, BESS M.?
- NEEL, BESS M. is operated by Kerr-Mcgee Corporation, Railroad Commission of Texas operator number 457780.
- Where is NEEL, BESS M.?
- NEEL, BESS M. is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 138577.
- Is NEEL, BESS M. still producing?
- NEEL, BESS M. is intermittent. The most recent month of production reported to the Railroad Commission of Texas for NEEL, BESS M. is August 2026.
- How much has NEEL, BESS M. produced?
- NEEL, BESS M. has reported 422,372 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is NEEL, BESS M. worth?
- The remaining production from NEEL, BESS M. is estimated to be worth about $16K in total as of 27 August 2026, within a range of $9K to $23K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEEL, BESS M. is a fraction of it. The estimate fits an Arps decline curve to the production NEEL, BESS M. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEEL, BESS M. is an estimate of value, not an offer and not an appraisal.
- How much income does NEEL, BESS M. generate in a year?
- NEEL, BESS M. is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NEEL, BESS M. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kerr-Mcgee Corporation |
|---|---|
| Field | Los Mogotes (7400) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 138577 |
| Wellbores | 1 |
| Reported production | 422,372 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $16K |
Where NEEL, BESS M. 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.