HEIL "1060"
HEIL "1060" 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 April 1998 to August 2026, totalling 1,410,987 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 $275K, with roughly $44K 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 1,763 thousand cubic feet a month. Its strongest month on the record we hold was August 2019, at 2,901 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 HEIL "1060"
- Who operates HEIL "1060"?
- HEIL "1060" is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is HEIL "1060"?
- HEIL "1060" is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 169510.
- Is HEIL "1060" still producing?
- HEIL "1060" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HEIL "1060" is August 2026.
- How much has HEIL "1060" produced?
- HEIL "1060" has reported 1,410,987 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 1998 and August 2026, from 1 wellbore.
- How much is HEIL "1060" worth?
- The remaining production from HEIL "1060" is estimated to be worth about $275K in total as of 26 August 2026, within a range of $228K to $322K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HEIL "1060" is a fraction of it. The estimate fits an Arps decline curve to the production HEIL "1060" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HEIL "1060" is an estimate of value, not an offer and not an appraisal.
- How much income does HEIL "1060" generate in a year?
- HEIL "1060" is forecast to net about $44K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HEIL "1060" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Morgan (Morrow Lower) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 169510 |
| Wellbores | 1 |
| Reported production | 1,410,987 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $275K |
Where HEIL "1060" 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.