MASON, LULA
MASON, LULA is a Texas gas lease in Limestone County, Railroad Commission district 05, operated by Marathon Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from May 2001 to August 2026, totalling 413,543 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 $10K, with roughly $1K 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 60 thousand cubic feet a month. Its strongest month on the record we hold was May 2022, at 680 thousand cubic feet. 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 MASON, LULA
- Who operates MASON, LULA?
- MASON, LULA is operated by Marathon Oil Company, Railroad Commission of Texas operator number 525380.
- Where is MASON, LULA?
- MASON, LULA is a Texas gas lease in Limestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 182949.
- Is MASON, LULA still producing?
- MASON, LULA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MASON, LULA is August 2026.
- How much has MASON, LULA produced?
- MASON, LULA has reported 413,543 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2001 and August 2026, from 1 wellbore.
- How much is MASON, LULA worth?
- The remaining production from MASON, LULA is estimated to be worth about $10K in total as of 26 August 2026, within a range of $5K to $14K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MASON, LULA is a fraction of it. The estimate fits an Arps decline curve to the production MASON, LULA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MASON, LULA is an estimate of value, not an offer and not an appraisal.
- How much income does MASON, LULA generate in a year?
- MASON, LULA is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MASON, LULA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marathon Oil Company |
|---|---|
| Field | Oletha (Travis Peak) |
| County | Limestone County, Texas |
| RRC district | 05 |
| Lease number | 182949 |
| Wellbores | 1 |
| Reported production | 413,543 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $10K |
Where MASON, LULA 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.