WILLIAMS, MAYO HEIRS
WILLIAMS, MAYO HEIRS is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Mustang Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from December 1993 to August 2026, totalling 2,144,031 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 $68K, with roughly $17K 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 501 thousand cubic feet a month. Its strongest month on the record we hold was May 2017, at 3,170 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 WILLIAMS, MAYO HEIRS
- Who operates WILLIAMS, MAYO HEIRS?
- WILLIAMS, MAYO HEIRS is operated by Mustang Operating Company, Railroad Commission of Texas operator number 597060.
- Where is WILLIAMS, MAYO HEIRS?
- WILLIAMS, MAYO HEIRS is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 148124.
- Is WILLIAMS, MAYO HEIRS still producing?
- WILLIAMS, MAYO HEIRS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WILLIAMS, MAYO HEIRS is August 2026.
- How much has WILLIAMS, MAYO HEIRS produced?
- WILLIAMS, MAYO HEIRS has reported 2,144,031 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 1993 and August 2026, from 1 wellbore.
- How much is WILLIAMS, MAYO HEIRS worth?
- The remaining production from WILLIAMS, MAYO HEIRS is estimated to be worth about $68K in total as of 27 August 2026, within a range of $53K to $83K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WILLIAMS, MAYO HEIRS is a fraction of it. The estimate fits an Arps decline curve to the production WILLIAMS, MAYO HEIRS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WILLIAMS, MAYO HEIRS is an estimate of value, not an offer and not an appraisal.
- How much income does WILLIAMS, MAYO HEIRS generate in a year?
- WILLIAMS, MAYO HEIRS is forecast to net about $17K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WILLIAMS, MAYO HEIRS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mustang Operating Company |
|---|---|
| Field | Beckville, West (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 148124 |
| Wellbores | 1 |
| Reported production | 2,144,031 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $68K |
Where WILLIAMS, MAYO HEIRS 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.