BAFFIN BAY STATE GAS UNIT NO. 3

BAFFIN BAY STATE GAS UNIT NO. 3 is a Texas gas lease in Kenedy County, Railroad Commission district 04, operated by Exxon Mobil Corporation. It has 1 wellbore on file with the Commission. Reported production runs from May 2004 to August 2026, totalling 11,565,622 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 $733K, with roughly $116K 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 4,228 thousand cubic feet a month. Its strongest month on the record we hold was March 2025, at 8,879 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 BAFFIN BAY STATE GAS UNIT NO. 3

Who operates BAFFIN BAY STATE GAS UNIT NO. 3?: BAFFIN BAY STATE GAS UNIT NO. 3 is operated by Exxon Mobil Corporation, Railroad Commission of Texas operator number 257128.
Where is BAFFIN BAY STATE GAS UNIT NO. 3?: BAFFIN BAY STATE GAS UNIT NO. 3 is a Texas gas lease in Kenedy County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 204430.
Is BAFFIN BAY STATE GAS UNIT NO. 3 still producing?: BAFFIN BAY STATE GAS UNIT NO. 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BAFFIN BAY STATE GAS UNIT NO. 3 is August 2026.
How much has BAFFIN BAY STATE GAS UNIT NO. 3 produced?: BAFFIN BAY STATE GAS UNIT NO. 3 has reported 11,565,622 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2004 and August 2026, from 1 wellbore.
How much is BAFFIN BAY STATE GAS UNIT NO. 3 worth?: The remaining production from BAFFIN BAY STATE GAS UNIT NO. 3 is estimated to be worth about $733K in total as of 27 August 2026, within a range of $609K to $858K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BAFFIN BAY STATE GAS UNIT NO. 3 is a fraction of it. The estimate fits an Arps decline curve to the production BAFFIN BAY STATE GAS UNIT NO. 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BAFFIN BAY STATE GAS UNIT NO. 3 is an estimate of value, not an offer and not an appraisal.
How much income does BAFFIN BAY STATE GAS UNIT NO. 3 generate in a year?: BAFFIN BAY STATE GAS UNIT NO. 3 is forecast to net about $116K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BAFFIN BAY STATE GAS UNIT NO. 3 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

BAFFIN BAY STATE GAS UNIT NO. 3 as filed with the Railroad Commission of Texas
Operator	Exxon Mobil Corporation
Field	Baffin Bay (Frio)
County	Kenedy County, Texas
RRC district	04
Lease number	204430
Wellbores	1
Reported production	11,565,622 mcf
First reported	May 2004
Last reported	August 2026
Estimated royalty value	$733K

Where BAFFIN BAY STATE GAS UNIT NO. 3 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.