BETTY LEE "524"
BETTY LEE "524" is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from April 2010 to August 2026, totalling 807,224 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 $353K, with roughly $69K 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 1,718 thousand cubic feet a month. Its strongest month on the record we hold was March 2022, at 3,299 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 BETTY LEE "524"
- Who operates BETTY LEE "524"?
- BETTY LEE "524" is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is BETTY LEE "524"?
- BETTY LEE "524" is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 258251.
- Is BETTY LEE "524" still producing?
- BETTY LEE "524" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BETTY LEE "524" is August 2026.
- How much has BETTY LEE "524" produced?
- BETTY LEE "524" has reported 807,224 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2010 and August 2026, from 1 wellbore.
- How much is BETTY LEE "524" worth?
- The remaining production from BETTY LEE "524" is estimated to be worth about $353K in total as of 26 August 2026, within a range of $293K to $413K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BETTY LEE "524" is a fraction of it. The estimate fits an Arps decline curve to the production BETTY LEE "524" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BETTY LEE "524" is an estimate of value, not an offer and not an appraisal.
- How much income does BETTY LEE "524" generate in a year?
- BETTY LEE "524" is forecast to net about $69K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BETTY LEE "524" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Lipscomb (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 258251 |
| Wellbores | 1 |
| Reported production | 807,224 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $353K |
Where BETTY LEE "524" 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.