STATE TRACT 24-L N/2 SW/4

STATE TRACT 24-L N/2 SW/4 is a Texas gas lease in High Is-LB County, Railroad Commission district 03, operated by Walter Oil & Gas Corporation. It has 1 wellbore on file with the Commission. Reported production runs from April 2007 to August 2026, totalling 28,713,908 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 $1.8M, with roughly $578K 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 32,217 thousand cubic feet a month. Its strongest month on the record we hold was June 2022, at 113,264 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 STATE TRACT 24-L N/2 SW/4

Who operates STATE TRACT 24-L N/2 SW/4?: STATE TRACT 24-L N/2 SW/4 is operated by Walter Oil & Gas Corporation, Railroad Commission of Texas operator number 895237.
Where is STATE TRACT 24-L N/2 SW/4?: STATE TRACT 24-L N/2 SW/4 is a Texas gas lease in High Is-LB County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 231670.
Is STATE TRACT 24-L N/2 SW/4 still producing?: STATE TRACT 24-L N/2 SW/4 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STATE TRACT 24-L N/2 SW/4 is August 2026.
How much has STATE TRACT 24-L N/2 SW/4 produced?: STATE TRACT 24-L N/2 SW/4 has reported 28,713,908 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2007 and August 2026, from 1 wellbore.
How much is STATE TRACT 24-L N/2 SW/4 worth?: The remaining production from STATE TRACT 24-L N/2 SW/4 is estimated to be worth about $1.8M in total as of 27 August 2026, within a range of $1.5M to $2.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STATE TRACT 24-L N/2 SW/4 is a fraction of it. The estimate fits an Arps decline curve to the production STATE TRACT 24-L N/2 SW/4 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STATE TRACT 24-L N/2 SW/4 is an estimate of value, not an offer and not an appraisal.
How much income does STATE TRACT 24-L N/2 SW/4 generate in a year?: STATE TRACT 24-L N/2 SW/4 is forecast to net about $578K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in STATE TRACT 24-L N/2 SW/4 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

STATE TRACT 24-L N/2 SW/4 as filed with the Railroad Commission of Texas
Operator	Walter Oil & Gas Corporation
Field	High Island BLK 24l (LJ)
County	High Is-LB County, Texas
RRC district	03
Lease number	231670
Wellbores	1
Reported production	28,713,908 mcf
First reported	April 2007
Last reported	August 2026
Estimated royalty value	$1.8M

Where STATE TRACT 24-L N/2 SW/4 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.