BENAVIDES TRUST
BENAVIDES TRUST is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Pogo Producing Company. It has 1 wellbore on file with the Commission. Reported production runs from October 2003 to August 2026, totalling 870,168 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 $92K, with roughly $14K 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 757 thousand cubic feet a month. Its strongest month on the record we hold was November 2017, at 1,897 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 BENAVIDES TRUST
- Who operates BENAVIDES TRUST?
- BENAVIDES TRUST is operated by Pogo Producing Company, Railroad Commission of Texas operator number 668900.
- Where is BENAVIDES TRUST?
- BENAVIDES TRUST is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 197724.
- Is BENAVIDES TRUST still producing?
- BENAVIDES TRUST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BENAVIDES TRUST is August 2026.
- How much has BENAVIDES TRUST produced?
- BENAVIDES TRUST has reported 870,168 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2003 and August 2026, from 1 wellbore.
- How much is BENAVIDES TRUST worth?
- The remaining production from BENAVIDES TRUST is estimated to be worth about $92K in total as of 27 August 2026, within a range of $72K to $113K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BENAVIDES TRUST is a fraction of it. The estimate fits an Arps decline curve to the production BENAVIDES TRUST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BENAVIDES TRUST is an estimate of value, not an offer and not an appraisal.
- How much income does BENAVIDES TRUST generate in a year?
- BENAVIDES TRUST is forecast to net about $14K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BENAVIDES TRUST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pogo Producing Company |
|---|---|
| Field | Hundido (Lobo) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 197724 |
| Wellbores | 1 |
| Reported production | 870,168 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $92K |
Where BENAVIDES TRUST 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.