DUKE
DUKE is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Mewbourne Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from February 2011 to August 2026, totalling 719,566 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 52 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 4,608 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 DUKE
- Who operates DUKE?
- DUKE is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is DUKE?
- DUKE is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 263860.
- Is DUKE still producing?
- DUKE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DUKE is August 2026.
- How much has DUKE produced?
- DUKE has reported 719,566 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2011 and August 2026, from 1 wellbore.
- How much is DUKE worth?
- The remaining production from DUKE is estimated to be worth about $10K in total as of 26 August 2026, within a range of $6K to $15K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DUKE is a fraction of it. The estimate fits an Arps decline curve to the production DUKE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DUKE is an estimate of value, not an offer and not an appraisal.
- How much income does DUKE generate in a year?
- DUKE 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 DUKE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Lipscomb (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 263860 |
| Wellbores | 1 |
| Reported production | 719,566 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $10K |
Where DUKE 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.