STATE TRACT 975
STATE TRACT 975 is a Texas gas lease in San Patricio County, Railroad Commission district 04, operated by Mego Resources, LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2015 to August 2026, totalling 1,236,951 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 $326K, with roughly $144K 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 930 thousand cubic feet a month. Its strongest month on the record we hold was October 2019, at 50,143 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 STATE TRACT 975
- Who operates STATE TRACT 975?
- STATE TRACT 975 is operated by Mego Resources, LLC, Railroad Commission of Texas operator number 559362.
- Where is STATE TRACT 975?
- STATE TRACT 975 is a Texas gas lease in San Patricio County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 276880.
- Is STATE TRACT 975 still producing?
- STATE TRACT 975 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE TRACT 975 is August 2026.
- How much has STATE TRACT 975 produced?
- STATE TRACT 975 has reported 1,236,951 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2015 and August 2026, from 1 wellbore.
- How much is STATE TRACT 975 worth?
- The remaining production from STATE TRACT 975 is estimated to be worth about $326K in total as of 27 August 2026, within a range of $254K to $398K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE TRACT 975 is a fraction of it. The estimate fits an Arps decline curve to the production STATE TRACT 975 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 975 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE TRACT 975 generate in a year?
- STATE TRACT 975 is forecast to net about $144K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE TRACT 975 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mego Resources, LLC |
|---|---|
| Field | White Point, East (8200) |
| County | San Patricio County, Texas |
| RRC district | 04 |
| Lease number | 276880 |
| Wellbores | 1 |
| Reported production | 1,236,951 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $326K |
Where STATE TRACT 975 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.