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 May 2007 to August 2026, totalling 287,406 thousand cubic feet. The lease is shut in. 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 $263, with roughly $33 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 1 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 771 thousand cubic feet.
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 230017.
- Is LIBRE still producing?
- LIBRE is shut in. 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 287,406 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2007 and August 2026, from 1 wellbore.
- How much is LIBRE worth?
- The remaining production from LIBRE is estimated to be worth about $263 in total as of 27 August 2026. 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 $33 across the whole undivided lease over the twelve months following 27 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 | 230017 |
| Wellbores | 1 |
| Reported production | 287,406 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $263 |
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.