OWENS "C"
OWENS "C" is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Marathon Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from May 1997 to August 2026, totalling 813,388 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 $43K, with roughly $6K 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 291 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 527 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 OWENS "C"
- Who operates OWENS "C"?
- OWENS "C" is operated by Marathon Oil Company, Railroad Commission of Texas operator number 525380.
- Where is OWENS "C"?
- OWENS "C" is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 163739.
- Is OWENS "C" still producing?
- OWENS "C" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OWENS "C" is August 2026.
- How much has OWENS "C" produced?
- OWENS "C" has reported 813,388 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 1997 and August 2026, from 1 wellbore.
- How much is OWENS "C" worth?
- The remaining production from OWENS "C" is estimated to be worth about $43K in total as of 26 August 2026, within a range of $33K to $52K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OWENS "C" is a fraction of it. The estimate fits an Arps decline curve to the production OWENS "C" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OWENS "C" is an estimate of value, not an offer and not an appraisal.
- How much income does OWENS "C" generate in a year?
- OWENS "C" is forecast to net about $6K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OWENS "C" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marathon Oil Company |
|---|---|
| Field | Freestone (Travis Peak) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 163739 |
| Wellbores | 1 |
| Reported production | 813,388 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $43K |
Where OWENS "C" 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.