SALTER, M.C.
SALTER, M.C. is a Texas gas lease in Gregg County, Railroad Commission district 06, operated by Chinn Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from March 1994 to August 2026, totalling 1,599,123 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 $96K, with roughly $15K 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 608 thousand cubic feet a month. Its strongest month on the record we hold was December 2016, at 2,615 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 SALTER, M.C.
- Who operates SALTER, M.C.?
- SALTER, M.C. is operated by Chinn Exploration Company, Railroad Commission of Texas operator number 149423.
- Where is SALTER, M.C.?
- SALTER, M.C. is a Texas gas lease in Gregg County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 149352.
- Is SALTER, M.C. still producing?
- SALTER, M.C. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SALTER, M.C. is August 2026.
- How much has SALTER, M.C. produced?
- SALTER, M.C. has reported 1,599,123 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 1994 and August 2026, from 1 wellbore.
- How much is SALTER, M.C. worth?
- The remaining production from SALTER, M.C. is estimated to be worth about $96K in total as of 26 August 2026, within a range of $75K to $117K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SALTER, M.C. is a fraction of it. The estimate fits an Arps decline curve to the production SALTER, M.C. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SALTER, M.C. is an estimate of value, not an offer and not an appraisal.
- How much income does SALTER, M.C. generate in a year?
- SALTER, M.C. is forecast to net about $15K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SALTER, M.C. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chinn Exploration Company |
|---|---|
| Field | White Oak (Cotton Valley Sand) |
| County | Gregg County, Texas |
| RRC district | 06 |
| Lease number | 149352 |
| Wellbores | 1 |
| Reported production | 1,599,123 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $96K |
Where SALTER, M.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.