PALO BLANCO GAS UNIT
PALO BLANCO GAS UNIT is a Texas gas lease in Brooks County, Railroad Commission district 04, operated by Milagro Exploration, LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2007 to August 2026, totalling 1,574,355 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 $596K, with roughly $151K 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 4,133 thousand cubic feet a month. Its strongest month on the record we hold was January 2023, at 19,665 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 PALO BLANCO GAS UNIT
- Who operates PALO BLANCO GAS UNIT?
- PALO BLANCO GAS UNIT is operated by Milagro Exploration, LLC, Railroad Commission of Texas operator number 566789.
- Where is PALO BLANCO GAS UNIT?
- PALO BLANCO GAS UNIT is a Texas gas lease in Brooks County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 226381.
- Is PALO BLANCO GAS UNIT still producing?
- PALO BLANCO GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PALO BLANCO GAS UNIT is August 2026.
- How much has PALO BLANCO GAS UNIT produced?
- PALO BLANCO GAS UNIT has reported 1,574,355 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2007 and August 2026, from 1 wellbore.
- How much is PALO BLANCO GAS UNIT worth?
- The remaining production from PALO BLANCO GAS UNIT is estimated to be worth about $596K in total as of 27 August 2026, within a range of $495K to $698K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PALO BLANCO GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PALO BLANCO GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PALO BLANCO GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PALO BLANCO GAS UNIT generate in a year?
- PALO BLANCO GAS UNIT is forecast to net about $151K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PALO BLANCO GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Milagro Exploration, LLC |
|---|---|
| Field | W. E. Colson (VX. Bingo) |
| County | Brooks County, Texas |
| RRC district | 04 |
| Lease number | 226381 |
| Wellbores | 1 |
| Reported production | 1,574,355 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $596K |
Where PALO BLANCO GAS UNIT 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.