MIDYETT-GULLEY
MIDYETT-GULLEY is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Xto Energy Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2009 to August 2026, totalling 3,661,477 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 $383K, with roughly $74K 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 3,598 thousand cubic feet a month. Its strongest month on the record we hold was March 2022, at 16,765 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 MIDYETT-GULLEY
- Who operates MIDYETT-GULLEY?
- MIDYETT-GULLEY is operated by Xto Energy Inc., Railroad Commission of Texas operator number 945936.
- Where is MIDYETT-GULLEY?
- MIDYETT-GULLEY is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 250016.
- Is MIDYETT-GULLEY still producing?
- MIDYETT-GULLEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIDYETT-GULLEY is August 2026.
- How much has MIDYETT-GULLEY produced?
- MIDYETT-GULLEY has reported 3,661,477 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2009 and August 2026, from 1 wellbore.
- How much is MIDYETT-GULLEY worth?
- The remaining production from MIDYETT-GULLEY is estimated to be worth about $383K in total as of 26 August 2026, within a range of $318K to $448K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIDYETT-GULLEY is a fraction of it. The estimate fits an Arps decline curve to the production MIDYETT-GULLEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIDYETT-GULLEY is an estimate of value, not an offer and not an appraisal.
- How much income does MIDYETT-GULLEY generate in a year?
- MIDYETT-GULLEY is forecast to net about $74K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MIDYETT-GULLEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Xto Energy Inc. |
|---|---|
| Field | Carthage, North (Bossier Shale) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 250016 |
| Wellbores | 1 |
| Reported production | 3,661,477 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $383K |
Where MIDYETT-GULLEY 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.