WATSON, M. L. GU #1
WATSON, M. L. GU #1 is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by BRG Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 835,439 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 $102K, with roughly $28K 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 1,847 thousand cubic feet a month. Its strongest month on the record we hold was October 2022, at 7,556 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 WATSON, M. L. GU #1
- Who operates WATSON, M. L. GU #1?
- WATSON, M. L. GU #1 is operated by BRG Petroleum, Inc., Railroad Commission of Texas operator number 090873.
- Where is WATSON, M. L. GU #1?
- WATSON, M. L. GU #1 is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 120546.
- Is WATSON, M. L. GU #1 still producing?
- WATSON, M. L. GU #1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATSON, M. L. GU #1 is August 2026.
- How much has WATSON, M. L. GU #1 produced?
- WATSON, M. L. GU #1 has reported 835,439 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is WATSON, M. L. GU #1 worth?
- The remaining production from WATSON, M. L. GU #1 is estimated to be worth about $102K in total as of 27 August 2026, within a range of $85K to $119K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATSON, M. L. GU #1 is a fraction of it. The estimate fits an Arps decline curve to the production WATSON, M. L. GU #1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATSON, M. L. GU #1 is an estimate of value, not an offer and not an appraisal.
- How much income does WATSON, M. L. GU #1 generate in a year?
- WATSON, M. L. GU #1 is forecast to net about $28K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WATSON, M. L. GU #1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BRG Petroleum, Inc. |
|---|---|
| Field | Marsters, N.E. |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 120546 |
| Wellbores | 1 |
| Reported production | 835,439 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $102K |
Where WATSON, M. L. GU #1 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.