WATERS '199'
WATERS '199' 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 March 2013 to August 2026, totalling 297,924 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 $517K, with roughly $107K 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 833 thousand cubic feet a month. Its strongest month on the record we hold was September 2016, at 2,364 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 WATERS '199'
- Who operates WATERS '199'?
- WATERS '199' is operated by Mewbourne Oil Company, Railroad Commission of Texas operator number 562560.
- Where is WATERS '199'?
- WATERS '199' is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 282736.
- Is WATERS '199' still producing?
- WATERS '199' is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATERS '199' is August 2026.
- How much has WATERS '199' produced?
- WATERS '199' has reported 297,924 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2013 and August 2026, from 1 wellbore.
- How much is WATERS '199' worth?
- The remaining production from WATERS '199' is estimated to be worth about $517K in total as of 26 August 2026, within a range of $403K to $630K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATERS '199' is a fraction of it. The estimate fits an Arps decline curve to the production WATERS '199' has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATERS '199' is an estimate of value, not an offer and not an appraisal.
- How much income does WATERS '199' generate in a year?
- WATERS '199' is forecast to net about $107K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WATERS '199' receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mewbourne Oil Company |
|---|---|
| Field | Lipscomb, S.E. (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 282736 |
| Wellbores | 1 |
| Reported production | 297,924 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $517K |
Where WATERS '199' 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.