LONE STAR
LONE STAR is a Texas oil lease in Hutchinson County, Railroad Commission district 10, operated by M E G G , Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 26,092 barrels. 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 $168K, with roughly $32K 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 53 barrels a month, about 18 per wellbore. Its strongest month on the record we hold was May 2023, at 135 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 LONE STAR
- Who operates LONE STAR?
- LONE STAR is operated by M E G G , Inc., Railroad Commission of Texas operator number 518279.
- Where is LONE STAR?
- LONE STAR is a Texas oil lease in Hutchinson County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 01120.
- Is LONE STAR still producing?
- LONE STAR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LONE STAR is August 2026.
- How much has LONE STAR produced?
- LONE STAR has reported 26,092 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is LONE STAR worth?
- The remaining production from LONE STAR is estimated to be worth about $168K in total as of 27 August 2026, within a range of $92K to $243K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LONE STAR is a fraction of it. The estimate fits an Arps decline curve to the production LONE STAR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LONE STAR is an estimate of value, not an offer and not an appraisal.
- How much income does LONE STAR generate in a year?
- LONE STAR is forecast to net about $32K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LONE STAR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | M E G G , Inc. |
|---|---|
| Field | Panhandle Hutchinson County FLD. |
| County | Hutchinson County, Texas |
| RRC district | 10 |
| Lease number | 01120 |
| Wellbores | 3 |
| Reported production | 26,092 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $168K |
Where LONE STAR 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.