LAST CHANCE MIDGE
LAST CHANCE MIDGE is a Texas gas lease in Johnson County, Railroad Commission district 09, operated by Arrington,David H. Oil & Gas,Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2006 to August 2026, totalling 1,870,027 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 $172K, with roughly $42K 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 1,527 thousand cubic feet a month. Its strongest month on the record we hold was October 2018, at 8,672 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 LAST CHANCE MIDGE
- Who operates LAST CHANCE MIDGE?
- LAST CHANCE MIDGE is operated by Arrington,David H. Oil & Gas,Inc, Railroad Commission of Texas operator number 033148.
- Where is LAST CHANCE MIDGE?
- LAST CHANCE MIDGE is a Texas gas lease in Johnson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 228735.
- Is LAST CHANCE MIDGE still producing?
- LAST CHANCE MIDGE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LAST CHANCE MIDGE is August 2026.
- How much has LAST CHANCE MIDGE produced?
- LAST CHANCE MIDGE has reported 1,870,027 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2006 and August 2026, from 1 wellbore.
- How much is LAST CHANCE MIDGE worth?
- The remaining production from LAST CHANCE MIDGE is estimated to be worth about $172K in total as of 27 August 2026, within a range of $143K to $202K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LAST CHANCE MIDGE is a fraction of it. The estimate fits an Arps decline curve to the production LAST CHANCE MIDGE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LAST CHANCE MIDGE is an estimate of value, not an offer and not an appraisal.
- How much income does LAST CHANCE MIDGE generate in a year?
- LAST CHANCE MIDGE is forecast to net about $42K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LAST CHANCE MIDGE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Arrington,David H. Oil & Gas,Inc |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Johnson County, Texas |
| RRC district | 09 |
| Lease number | 228735 |
| Wellbores | 1 |
| Reported production | 1,870,027 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $172K |
Where LAST CHANCE MIDGE 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.