KING RANCH BORREGOS
KING RANCH BORREGOS is a Texas gas lease in Kleberg County, Railroad Commission district 04, operated by Exxon Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 3,556,954 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 $1.2M, with roughly $182K 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 6,651 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 13,479 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 KING RANCH BORREGOS
- Who operates KING RANCH BORREGOS?
- KING RANCH BORREGOS is operated by Exxon Corp., Railroad Commission of Texas operator number 257097.
- Where is KING RANCH BORREGOS?
- KING RANCH BORREGOS is a Texas gas lease in Kleberg County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 138973.
- Is KING RANCH BORREGOS still producing?
- KING RANCH BORREGOS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KING RANCH BORREGOS is August 2026.
- How much has KING RANCH BORREGOS produced?
- KING RANCH BORREGOS has reported 3,556,954 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is KING RANCH BORREGOS worth?
- The remaining production from KING RANCH BORREGOS is estimated to be worth about $1.2M in total as of 27 August 2026, within a range of $964K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KING RANCH BORREGOS is a fraction of it. The estimate fits an Arps decline curve to the production KING RANCH BORREGOS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KING RANCH BORREGOS is an estimate of value, not an offer and not an appraisal.
- How much income does KING RANCH BORREGOS generate in a year?
- KING RANCH BORREGOS is forecast to net about $182K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KING RANCH BORREGOS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Exxon Corp. |
|---|---|
| Field | Borregos (Zone J-15) |
| County | Kleberg County, Texas |
| RRC district | 04 |
| Lease number | 138973 |
| Wellbores | 1 |
| Reported production | 3,556,954 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.2M |
Where KING RANCH BORREGOS 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.