ODC
ODC is a Texas gas lease in Ochiltree County, Railroad Commission district 10, operated by Midgard Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from November 1995 to August 2026, totalling 519,872 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 $32K, with roughly $4K 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 120 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 1,194 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 ODC
- Who operates ODC?
- ODC is operated by Midgard Energy Company, Railroad Commission of Texas operator number 565050.
- Where is ODC?
- ODC is a Texas gas lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 156846.
- Is ODC still producing?
- ODC is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ODC is August 2026.
- How much has ODC produced?
- ODC has reported 519,872 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 1995 and August 2026, from 1 wellbore.
- How much is ODC worth?
- The remaining production from ODC is estimated to be worth about $32K in total as of 26 August 2026, within a range of $25K to $39K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ODC is a fraction of it. The estimate fits an Arps decline curve to the production ODC has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for ODC is an estimate of value, not an offer and not an appraisal.
- How much income does ODC generate in a year?
- ODC is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ODC receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Midgard Energy Company |
|---|---|
| Field | Lips, West (Cleveland) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 156846 |
| Wellbores | 1 |
| Reported production | 519,872 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $32K |
Where ODC 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.