MIDLAND FARMS 3940 B
MIDLAND FARMS 3940 B is a Texas gas lease in Andrews County, Railroad Commission district 08, operated by Slant Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2023 to August 2026, totalling 979,693 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 $12.9M, with roughly $3.1M 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 16,184 thousand cubic feet a month. Its strongest month on the record we hold was June 2023, at 53,020 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MIDLAND FARMS 3940 B
- Who operates MIDLAND FARMS 3940 B?
- MIDLAND FARMS 3940 B is operated by Slant Operating, LLC, Railroad Commission of Texas operator number 786697.
- Where is MIDLAND FARMS 3940 B?
- MIDLAND FARMS 3940 B is a Texas gas lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 295576.
- Is MIDLAND FARMS 3940 B still producing?
- MIDLAND FARMS 3940 B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIDLAND FARMS 3940 B is August 2026.
- How much has MIDLAND FARMS 3940 B produced?
- MIDLAND FARMS 3940 B has reported 979,693 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2023 and August 2026, from 1 wellbore.
- How much is MIDLAND FARMS 3940 B worth?
- The remaining production from MIDLAND FARMS 3940 B is estimated to be worth about $12.9M in total as of 27 August 2026, within a range of $10.6M to $15.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIDLAND FARMS 3940 B is a fraction of it. The estimate fits an Arps decline curve to the production MIDLAND FARMS 3940 B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIDLAND FARMS 3940 B is an estimate of value, not an offer and not an appraisal.
- How much income does MIDLAND FARMS 3940 B generate in a year?
- MIDLAND FARMS 3940 B is forecast to net about $3.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MIDLAND FARMS 3940 B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Slant Operating, LLC |
|---|---|
| Field | Emma (Barnett Shale) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 295576 |
| Wellbores | 1 |
| Reported production | 979,693 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $12.9M |
Where MIDLAND FARMS 3940 B 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.