MERCURY GAS UNIT
MERCURY GAS UNIT is a Texas oil lease in Fort Bend County, Railroad Commission district 03, operated by Cobra Oil & Gas Corporation. It has 1 wellbore on file with the Commission. Reported production runs from November 1999 to August 2026, totalling 298,756 barrels. 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 $993K, with roughly $225K 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 352 barrels a month. Its strongest month on the record we hold was October 2017, at 1,298 barrels. 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 MERCURY GAS UNIT
- Who operates MERCURY GAS UNIT?
- MERCURY GAS UNIT is operated by Cobra Oil & Gas Corporation, Railroad Commission of Texas operator number 163000.
- Where is MERCURY GAS UNIT?
- MERCURY GAS UNIT is a Texas oil lease in Fort Bend County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23811.
- Is MERCURY GAS UNIT still producing?
- MERCURY GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MERCURY GAS UNIT is August 2026.
- How much has MERCURY GAS UNIT produced?
- MERCURY GAS UNIT has reported 298,756 barrels of oil (bbl) to the Railroad Commission of Texas between November 1999 and August 2026, from 1 wellbore.
- How much is MERCURY GAS UNIT worth?
- The remaining production from MERCURY GAS UNIT is estimated to be worth about $993K in total as of 27 August 2026, within a range of $774K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MERCURY GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production MERCURY GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MERCURY GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does MERCURY GAS UNIT generate in a year?
- MERCURY GAS UNIT is forecast to net about $225K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MERCURY GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cobra Oil & Gas Corporation |
|---|---|
| Field | Gemini (Vicksburg) |
| County | Fort Bend County, Texas |
| RRC district | 03 |
| Lease number | 23811 |
| Wellbores | 1 |
| Reported production | 298,756 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $993K |
Where MERCURY GAS UNIT 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.