MUSTANG CREEK UNIT "A"

MUSTANG CREEK UNIT "A" is a Texas gas lease in Johnson County, Railroad Commission district 09, operated by Tsar Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from May 2006 to August 2026, totalling 2,956,728 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 $869K, with roughly $137K 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 5,838 thousand cubic feet a month. Its strongest month on the record we hold was September 2016, at 10,506 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 MUSTANG CREEK UNIT "A"

Who operates MUSTANG CREEK UNIT "A"?
MUSTANG CREEK UNIT "A" is operated by Tsar Operating Company, Railroad Commission of Texas operator number 872180.
Where is MUSTANG CREEK UNIT "A"?
MUSTANG CREEK UNIT "A" is a Texas gas lease in Johnson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 221335.
Is MUSTANG CREEK UNIT "A" still producing?
MUSTANG CREEK UNIT "A" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MUSTANG CREEK UNIT "A" is August 2026.
How much has MUSTANG CREEK UNIT "A" produced?
MUSTANG CREEK UNIT "A" has reported 2,956,728 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2006 and August 2026, from 1 wellbore.
How much is MUSTANG CREEK UNIT "A" worth?
The remaining production from MUSTANG CREEK UNIT "A" is estimated to be worth about $869K in total as of 26 August 2026, within a range of $721K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MUSTANG CREEK UNIT "A" is a fraction of it. The estimate fits an Arps decline curve to the production MUSTANG CREEK UNIT "A" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MUSTANG CREEK UNIT "A" is an estimate of value, not an offer and not an appraisal.
How much income does MUSTANG CREEK UNIT "A" generate in a year?
MUSTANG CREEK UNIT "A" is forecast to net about $137K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MUSTANG CREEK UNIT "A" receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

MUSTANG CREEK UNIT "A" as filed with the Railroad Commission of Texas
OperatorTsar Operating Company
FieldNewark, East (Barnett Shale)
CountyJohnson County, Texas
RRC district09
Lease number221335
Wellbores1
Reported production2,956,728 mcf
First reported
Last reported
Estimated royalty value$869K

Where MUSTANG CREEK UNIT "A" 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.