MCMASTER
MCMASTER is a Texas gas lease in Reagan County, Railroad Commission district 7C, operated by Citation Oil & Gas Corp. It has 1 wellbore on file with the Commission. Reported production runs from November 2021 to August 2026, totalling 2,881 thousand cubic feet. The lease is shut in. 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 $2K, with roughly $204 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 4 thousand cubic feet a month. Its strongest month on the record we hold was November 2021, at 196 thousand cubic feet.
Key facts about MCMASTER
- Who operates MCMASTER?
- MCMASTER is operated by Citation Oil & Gas Corp., Railroad Commission of Texas operator number 154235.
- Where is MCMASTER?
- MCMASTER is a Texas gas lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 292303.
- Is MCMASTER still producing?
- MCMASTER is shut in. The most recent month of production reported to the Railroad Commission of Texas for MCMASTER is August 2026.
- How much has MCMASTER produced?
- MCMASTER has reported 2,881 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2021 and August 2026, from 1 wellbore.
- How much is MCMASTER worth?
- The remaining production from MCMASTER is estimated to be worth about $2K in total as of 26 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCMASTER is a fraction of it. The estimate fits an Arps decline curve to the production MCMASTER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCMASTER is an estimate of value, not an offer and not an appraisal.
- How much income does MCMASTER generate in a year?
- MCMASTER is forecast to net about $204 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MCMASTER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Citation Oil & Gas Corp. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 292303 |
| Wellbores | 1 |
| Reported production | 2,881 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2K |
Where MCMASTER 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.