MIDAS
MIDAS is a Texas gas lease in Palo Pinto County, Railroad Commission district 7B, operated by Culebra Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 176,918 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 $36K, with roughly $5K 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 188 thousand cubic feet a month. Its strongest month on the record we hold was June 2017, at 272 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 MIDAS
- Who operates MIDAS?
- MIDAS is operated by Culebra Oil & Gas Company, Railroad Commission of Texas operator number 192453.
- Where is MIDAS?
- MIDAS is a Texas gas lease in Palo Pinto County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 111756.
- Is MIDAS still producing?
- MIDAS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MIDAS is August 2026.
- How much has MIDAS produced?
- MIDAS has reported 176,918 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MIDAS worth?
- The remaining production from MIDAS is estimated to be worth about $36K in total as of 27 August 2026, within a range of $28K to $44K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MIDAS is a fraction of it. The estimate fits an Arps decline curve to the production MIDAS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MIDAS is an estimate of value, not an offer and not an appraisal.
- How much income does MIDAS generate in a year?
- MIDAS is forecast to net about $5K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MIDAS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Culebra Oil & Gas Company |
|---|---|
| Field | Rector (Marble Falls) |
| County | Palo Pinto County, Texas |
| RRC district | 7B |
| Lease number | 111756 |
| Wellbores | 1 |
| Reported production | 176,918 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $36K |
Where MIDAS 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.