STATE TRACT 976
STATE TRACT 976 is a Texas gas lease in San Patricio County, Railroad Commission district 04, operated by Eog Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 2007 to August 2026, totalling 1,973,982 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 $1.2M, with roughly $263K 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 3,022 thousand cubic feet a month. Its strongest month on the record we hold was October 2018, at 16,492 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 STATE TRACT 976
- Who operates STATE TRACT 976?
- STATE TRACT 976 is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is STATE TRACT 976?
- STATE TRACT 976 is a Texas gas lease in San Patricio County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 226860.
- Is STATE TRACT 976 still producing?
- STATE TRACT 976 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE TRACT 976 is August 2026.
- How much has STATE TRACT 976 produced?
- STATE TRACT 976 has reported 1,973,982 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2007 and August 2026, from 1 wellbore.
- How much is STATE TRACT 976 worth?
- The remaining production from STATE TRACT 976 is estimated to be worth about $1.2M in total as of 27 August 2026, within a range of $969K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE TRACT 976 is a fraction of it. The estimate fits an Arps decline curve to the production STATE TRACT 976 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE TRACT 976 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE TRACT 976 generate in a year?
- STATE TRACT 976 is forecast to net about $263K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE TRACT 976 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | White Point, East (Consolidated) |
| County | San Patricio County, Texas |
| RRC district | 04 |
| Lease number | 226860 |
| Wellbores | 1 |
| Reported production | 1,973,982 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where STATE TRACT 976 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.