STATE TRACT 974
STATE TRACT 974 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 July 2016 to August 2026, totalling 1,477,657 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 $1.0M, with roughly $213K 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 5,504 thousand cubic feet a month. Its strongest month on the record we hold was May 2017, at 41,594 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 974
- Who operates STATE TRACT 974?
- STATE TRACT 974 is operated by Mego Resources, LLC, Railroad Commission of Texas operator number 559362.
- Where is STATE TRACT 974?
- STATE TRACT 974 is a Texas gas lease in San Patricio County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 281626.
- Is STATE TRACT 974 still producing?
- STATE TRACT 974 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE TRACT 974 is August 2026.
- How much has STATE TRACT 974 produced?
- STATE TRACT 974 has reported 1,477,657 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2016 and August 2026, from 1 wellbore.
- How much is STATE TRACT 974 worth?
- The remaining production from STATE TRACT 974 is estimated to be worth about $1.0M in total as of 27 August 2026, within a range of $852K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE TRACT 974 is a fraction of it. The estimate fits an Arps decline curve to the production STATE TRACT 974 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 974 is an estimate of value, not an offer and not an appraisal.
- How much income does STATE TRACT 974 generate in a year?
- STATE TRACT 974 is forecast to net about $213K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE TRACT 974 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mego Resources, LLC |
|---|---|
| Field | Nueces Bay Deep Consolidated |
| County | San Patricio County, Texas |
| RRC district | 04 |
| Lease number | 281626 |
| Wellbores | 1 |
| Reported production | 1,477,657 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where STATE TRACT 974 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.