NOEL
NOEL is a Texas gas lease in Carson County, Railroad Commission district 10, operated by Natural Gas Pipeline Co Of Amer. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 451,481 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 $64K, with roughly $10K 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 395 thousand cubic feet a month. Its strongest month on the record we hold was August 2018, at 1,571 thousand cubic feet. 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 NOEL
- Who operates NOEL?
- NOEL is operated by Natural Gas Pipeline Co Of Amer., Railroad Commission of Texas operator number 600970.
- Where is NOEL?
- NOEL is a Texas gas lease in Carson County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 024170.
- Is NOEL still producing?
- NOEL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NOEL is August 2026.
- How much has NOEL produced?
- NOEL has reported 451,481 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is NOEL worth?
- The remaining production from NOEL is estimated to be worth about $64K in total as of 26 August 2026, within a range of $50K to $78K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NOEL is a fraction of it. The estimate fits an Arps decline curve to the production NOEL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NOEL is an estimate of value, not an offer and not an appraisal.
- How much income does NOEL generate in a year?
- NOEL is forecast to net about $10K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NOEL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Natural Gas Pipeline Co Of Amer. |
|---|---|
| Field | Panhandle, West |
| County | Carson County, Texas |
| RRC district | 10 |
| Lease number | 024170 |
| Wellbores | 1 |
| Reported production | 451,481 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $64K |
Where NOEL 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.