PRATER
PRATER is a Texas gas lease in Hemphill County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2006 to August 2026, totalling 617,195 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 $48K, with roughly $9K 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 390 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 1,621 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 PRATER
- Who operates PRATER?
- PRATER is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is PRATER?
- PRATER is a Texas gas lease in Hemphill County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 220359.
- Is PRATER still producing?
- PRATER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRATER is August 2026.
- How much has PRATER produced?
- PRATER has reported 617,195 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2006 and August 2026, from 1 wellbore.
- How much is PRATER worth?
- The remaining production from PRATER is estimated to be worth about $48K in total as of 26 August 2026, within a range of $37K to $58K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRATER is a fraction of it. The estimate fits an Arps decline curve to the production PRATER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRATER is an estimate of value, not an offer and not an appraisal.
- How much income does PRATER generate in a year?
- PRATER is forecast to net about $9K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRATER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Buffalo Wallow (Granite Wash) |
| County | Hemphill County, Texas |
| RRC district | 10 |
| Lease number | 220359 |
| Wellbores | 1 |
| Reported production | 617,195 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $48K |
Where PRATER 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.