PRICE
PRICE 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 2009 to August 2026, totalling 972,528 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 $753K, with roughly $144K 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 2,271 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 6,184 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 PRICE
- Who operates PRICE?
- PRICE is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is PRICE?
- PRICE is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 248749.
- Is PRICE still producing?
- PRICE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRICE is August 2026.
- How much has PRICE produced?
- PRICE has reported 972,528 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2009 and August 2026, from 1 wellbore.
- How much is PRICE worth?
- The remaining production from PRICE is estimated to be worth about $753K in total as of 26 August 2026, within a range of $625K to $881K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRICE is a fraction of it. The estimate fits an Arps decline curve to the production PRICE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRICE is an estimate of value, not an offer and not an appraisal.
- How much income does PRICE generate in a year?
- PRICE is forecast to net about $144K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRICE 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 | 248749 |
| Wellbores | 1 |
| Reported production | 972,528 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $753K |
Where PRICE 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.