LIBRE
LIBRE is a Texas gas lease in Jim Hogg County, Railroad Commission district 04, operated by Mestena Operating, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from February 2006 to August 2026, totalling 639,260 thousand cubic feet. The lease is intermittent. 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 $37K, with roughly $12K 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 698 thousand cubic feet a month. Its strongest month on the record we hold was August 2025, at 1,653 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 LIBRE
- Who operates LIBRE?
- LIBRE is operated by Mestena Operating, Ltd., Railroad Commission of Texas operator number 562072.
- Where is LIBRE?
- LIBRE is a Texas gas lease in Jim Hogg County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 216976.
- Is LIBRE still producing?
- LIBRE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for LIBRE is August 2026.
- How much has LIBRE produced?
- LIBRE has reported 639,260 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2006 and August 2026, from 1 wellbore.
- How much is LIBRE worth?
- The remaining production from LIBRE is estimated to be worth about $37K in total as of 26 August 2026, within a range of $29K to $45K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LIBRE is a fraction of it. The estimate fits an Arps decline curve to the production LIBRE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LIBRE is an estimate of value, not an offer and not an appraisal.
- How much income does LIBRE generate in a year?
- LIBRE is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LIBRE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mestena Operating, Ltd. |
|---|---|
| Field | Libre (Queen City) |
| County | Jim Hogg County, Texas |
| RRC district | 04 |
| Lease number | 216976 |
| Wellbores | 1 |
| Reported production | 639,260 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $37K |
Where LIBRE 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.