GARNER, TULLY C. 978

GARNER, TULLY C. 978 is a Texas gas lease in Webb County, Railroad Commission district 04, operated by Enron Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 331,780 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 $40K, with roughly $5K 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 230 thousand cubic feet a month. Its strongest month on the record we hold was January 2020, at 883 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 GARNER, TULLY C. 978

Who operates GARNER, TULLY C. 978?: GARNER, TULLY C. 978 is operated by Enron Oil & Gas Company, Railroad Commission of Texas operator number 253196.
Where is GARNER, TULLY C. 978?: GARNER, TULLY C. 978 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 142012.
Is GARNER, TULLY C. 978 still producing?: GARNER, TULLY C. 978 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GARNER, TULLY C. 978 is August 2026.
How much has GARNER, TULLY C. 978 produced?: GARNER, TULLY C. 978 has reported 331,780 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
How much is GARNER, TULLY C. 978 worth?: The remaining production from GARNER, TULLY C. 978 is estimated to be worth about $40K in total as of 27 August 2026, within a range of $31K to $49K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GARNER, TULLY C. 978 is a fraction of it. The estimate fits an Arps decline curve to the production GARNER, TULLY C. 978 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GARNER, TULLY C. 978 is an estimate of value, not an offer and not an appraisal.
How much income does GARNER, TULLY C. 978 generate in a year?: GARNER, TULLY C. 978 is forecast to net about $5K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GARNER, TULLY C. 978 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

GARNER, TULLY C. 978 as filed with the Railroad Commission of Texas
Operator	Enron Oil & Gas Company
Field	Tom Walsh (Olmos)
County	Webb County, Texas
RRC district	04
Lease number	142012
Wellbores	1
Reported production	331,780 mcf
First reported	January 1993
Last reported	August 2026
Estimated royalty value	$40K

Where GARNER, TULLY C. 978 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.