MCGREDE
MCGREDE is a Texas gas lease in Gregg County, Railroad Commission district 06, operated by Neches Exploration, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from January 2018 to August 2026, totalling 61,288 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 $34K, with roughly $8K 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 344 thousand cubic feet a month. Its strongest month on the record we hold was February 2018, at 4,588 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 MCGREDE
- Who operates MCGREDE?
- MCGREDE is operated by Neches Exploration, L.L.C., Railroad Commission of Texas operator number 601861.
- Where is MCGREDE?
- MCGREDE is a Texas gas lease in Gregg County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 283968.
- Is MCGREDE still producing?
- MCGREDE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCGREDE is August 2026.
- How much has MCGREDE produced?
- MCGREDE has reported 61,288 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2018 and August 2026, from 1 wellbore.
- How much is MCGREDE worth?
- The remaining production from MCGREDE is estimated to be worth about $34K in total as of 26 August 2026, within a range of $26K to $41K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCGREDE is a fraction of it. The estimate fits an Arps decline curve to the production MCGREDE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCGREDE is an estimate of value, not an offer and not an appraisal.
- How much income does MCGREDE generate in a year?
- MCGREDE is forecast to net about $8K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCGREDE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Neches Exploration, L.L.C. |
|---|---|
| Field | Willow Springs-Mackey (TR. PK.) |
| County | Gregg County, Texas |
| RRC district | 06 |
| Lease number | 283968 |
| Wellbores | 1 |
| Reported production | 61,288 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $34K |
Where MCGREDE 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.