SOUTHGATE
SOUTHGATE is a Texas oil lease in Brown County, Railroad Commission district 7B, operated by Centurion Operating Corporation. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 4,326 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 $17K, with roughly $3K 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 5 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was August 2016, at 168 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 SOUTHGATE
- Who operates SOUTHGATE?
- SOUTHGATE is operated by Centurion Operating Corporation, Railroad Commission of Texas operator number 141644.
- Where is SOUTHGATE?
- SOUTHGATE is a Texas oil lease in Brown County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 24869.
- Is SOUTHGATE still producing?
- SOUTHGATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SOUTHGATE is August 2026.
- How much has SOUTHGATE produced?
- SOUTHGATE has reported 4,326 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is SOUTHGATE worth?
- The remaining production from SOUTHGATE is estimated to be worth about $17K in total as of 26 August 2026, within a range of $0 to $34K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SOUTHGATE is a fraction of it. The estimate fits an Arps decline curve to the production SOUTHGATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SOUTHGATE is an estimate of value, not an offer and not an appraisal.
- How much income does SOUTHGATE generate in a year?
- SOUTHGATE is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SOUTHGATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Centurion Operating Corporation |
|---|---|
| Field | Brown County Regular |
| County | Brown County, Texas |
| RRC district | 7B |
| Lease number | 24869 |
| Wellbores | 2 |
| Reported production | 4,326 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $17K |
Where SOUTHGATE 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.