GEASLIN NW 198
GEASLIN NW 198 is a Texas gas lease in Terrell County, Railroad Commission district 7C, operated by Fasken Oil And Ranch, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from June 2003 to August 2026, totalling 736,690 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 $40K, with roughly $5K 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 327 thousand cubic feet a month. Its strongest month on the record we hold was December 2024, at 1,995 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 GEASLIN NW 198
- Who operates GEASLIN NW 198?
- GEASLIN NW 198 is operated by Fasken Oil And Ranch, Ltd., Railroad Commission of Texas operator number 263696.
- Where is GEASLIN NW 198?
- GEASLIN NW 198 is a Texas gas lease in Terrell County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 195913.
- Is GEASLIN NW 198 still producing?
- GEASLIN NW 198 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GEASLIN NW 198 is August 2026.
- How much has GEASLIN NW 198 produced?
- GEASLIN NW 198 has reported 736,690 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2003 and August 2026, from 1 wellbore.
- How much is GEASLIN NW 198 worth?
- The remaining production from GEASLIN NW 198 is estimated to be worth about $40K in total as of 26 August 2026, within a range of $31K to $48K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GEASLIN NW 198 is a fraction of it. The estimate fits an Arps decline curve to the production GEASLIN NW 198 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GEASLIN NW 198 is an estimate of value, not an offer and not an appraisal.
- How much income does GEASLIN NW 198 generate in a year?
- GEASLIN NW 198 is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GEASLIN NW 198 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fasken Oil And Ranch, Ltd. |
|---|---|
| Field | Geaslin (Wolfcamp) |
| County | Terrell County, Texas |
| RRC district | 7C |
| Lease number | 195913 |
| Wellbores | 1 |
| Reported production | 736,690 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $40K |
Where GEASLIN NW 198 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.