NPU (RAY 112)
NPU (RAY 112) is a Texas gas lease in Bee County, Railroad Commission district 02, operated by Legend Natural Gas II, LP. It has 1 wellbore on file with the Commission. Reported production runs from September 2007 to August 2026, totalling 46,967 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 $27K, with roughly $4K 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 91 thousand cubic feet a month. Its strongest month on the record we hold was July 2019, at 1,985 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 NPU (RAY 112)
- Who operates NPU (RAY 112)?
- NPU (RAY 112) is operated by Legend Natural Gas II, LP, Railroad Commission of Texas operator number 495450.
- Where is NPU (RAY 112)?
- NPU (RAY 112) is a Texas gas lease in Bee County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 232873.
- Is NPU (RAY 112) still producing?
- NPU (RAY 112) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NPU (RAY 112) is August 2026.
- How much has NPU (RAY 112) produced?
- NPU (RAY 112) has reported 46,967 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2007 and August 2026, from 1 wellbore.
- How much is NPU (RAY 112) worth?
- The remaining production from NPU (RAY 112) is estimated to be worth about $27K in total as of 26 August 2026, within a range of $15K to $40K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NPU (RAY 112) is a fraction of it. The estimate fits an Arps decline curve to the production NPU (RAY 112) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NPU (RAY 112) is an estimate of value, not an offer and not an appraisal.
- How much income does NPU (RAY 112) generate in a year?
- NPU (RAY 112) is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NPU (RAY 112) receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Legend Natural Gas II, LP |
|---|---|
| Field | Tulsita-Wilcox (MWC) |
| County | Bee County, Texas |
| RRC district | 02 |
| Lease number | 232873 |
| Wellbores | 1 |
| Reported production | 46,967 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $27K |
Where NPU (RAY 112) 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.