VIRGIL MATHEWS "79"
VIRGIL MATHEWS "79" is a Texas gas lease in Hutchinson County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from April 2007 to August 2026, totalling 658,475 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 $167K, with roughly $27K 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 1,056 thousand cubic feet a month. Its strongest month on the record we hold was August 2017, at 2,030 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 VIRGIL MATHEWS "79"
- Who operates VIRGIL MATHEWS "79"?
- VIRGIL MATHEWS "79" is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is VIRGIL MATHEWS "79"?
- VIRGIL MATHEWS "79" is a Texas gas lease in Hutchinson County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 228439.
- Is VIRGIL MATHEWS "79" still producing?
- VIRGIL MATHEWS "79" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VIRGIL MATHEWS "79" is August 2026.
- How much has VIRGIL MATHEWS "79" produced?
- VIRGIL MATHEWS "79" has reported 658,475 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2007 and August 2026, from 1 wellbore.
- How much is VIRGIL MATHEWS "79" worth?
- The remaining production from VIRGIL MATHEWS "79" is estimated to be worth about $167K in total as of 27 August 2026, within a range of $139K to $195K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VIRGIL MATHEWS "79" is a fraction of it. The estimate fits an Arps decline curve to the production VIRGIL MATHEWS "79" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for VIRGIL MATHEWS "79" is an estimate of value, not an offer and not an appraisal.
- How much income does VIRGIL MATHEWS "79" generate in a year?
- VIRGIL MATHEWS "79" is forecast to net about $27K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in VIRGIL MATHEWS "79" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Hansford (Morrow, Lower) |
| County | Hutchinson County, Texas |
| RRC district | 10 |
| Lease number | 228439 |
| Wellbores | 1 |
| Reported production | 658,475 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $167K |
Where VIRGIL MATHEWS "79" 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.