GALE 39
GALE 39 is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Marjac Oil Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2014 to August 2026, totalling 9,821 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 a standard royalty share at about $231, with roughly $29 expected over the next twelve months.
| Operator | Marjac Oil Company, Inc. |
|---|---|
| Field | Iona Hickey (Conglomerate) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 275475 |
| Wellbores | 1 |
| Reported production | 9,821 mcf |
| First reported | August 2014 |
| Last reported | August 2026 |
| Estimated royalty value | $231 |
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.