CULEBRA
CULEBRA is a Texas gas lease in Jim Hogg County, Railroad Commission district 04, operated by Mestena Operating, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from July 2007 to August 2026, totalling 42,078 thousand cubic feet. The lease is intermittent. 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 $250K, with roughly $43K 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 783 thousand cubic feet a month. Its strongest month on the record we hold was December 2025, at 2,124 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 CULEBRA
- Who operates CULEBRA?
- CULEBRA is operated by Mestena Operating, Ltd., Railroad Commission of Texas operator number 562072.
- Where is CULEBRA?
- CULEBRA is a Texas gas lease in Jim Hogg County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 229027.
- Is CULEBRA still producing?
- CULEBRA is intermittent. The most recent month of production reported to the Railroad Commission of Texas for CULEBRA is August 2026.
- How much has CULEBRA produced?
- CULEBRA has reported 42,078 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2007 and August 2026, from 1 wellbore.
- How much is CULEBRA worth?
- The remaining production from CULEBRA is estimated to be worth about $250K in total as of 27 August 2026, within a range of $195K to $305K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CULEBRA is a fraction of it. The estimate fits an Arps decline curve to the production CULEBRA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CULEBRA is an estimate of value, not an offer and not an appraisal.
- How much income does CULEBRA generate in a year?
- CULEBRA is forecast to net about $43K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CULEBRA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mestena Operating, Ltd. |
|---|---|
| Field | Mestena Grande (Queen City Cons) |
| County | Jim Hogg County, Texas |
| RRC district | 04 |
| Lease number | 229027 |
| Wellbores | 1 |
| Reported production | 42,078 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $250K |
Where CULEBRA 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.