MCQUITTY 298
MCQUITTY 298 is a Texas gas lease in Ochiltree County, Railroad Commission district 10, operated by Le Norman Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2016 to August 2026, totalling 566,927 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 $356K, with roughly $82K 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 2,031 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 13,683 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 MCQUITTY 298
- Who operates MCQUITTY 298?
- MCQUITTY 298 is operated by Le Norman Operating LLC, Railroad Commission of Texas operator number 491579.
- Where is MCQUITTY 298?
- MCQUITTY 298 is a Texas gas lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 280061.
- Is MCQUITTY 298 still producing?
- MCQUITTY 298 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCQUITTY 298 is August 2026.
- How much has MCQUITTY 298 produced?
- MCQUITTY 298 has reported 566,927 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2016 and August 2026, from 1 wellbore.
- How much is MCQUITTY 298 worth?
- The remaining production from MCQUITTY 298 is estimated to be worth about $356K in total as of 27 August 2026, within a range of $296K to $417K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCQUITTY 298 is a fraction of it. The estimate fits an Arps decline curve to the production MCQUITTY 298 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCQUITTY 298 is an estimate of value, not an offer and not an appraisal.
- How much income does MCQUITTY 298 generate in a year?
- MCQUITTY 298 is forecast to net about $82K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCQUITTY 298 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Le Norman Operating LLC |
|---|---|
| Field | Pan Petro (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 280061 |
| Wellbores | 1 |
| Reported production | 566,927 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $356K |
Where MCQUITTY 298 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.