MCGARY STATE UNIT 1011
MCGARY STATE UNIT 1011 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Carrizo (Permian) LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2016 to August 2026, totalling 6,897,119 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 $3.5M, with roughly $698K 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 19,479 thousand cubic feet a month. Its strongest month on the record we hold was December 2016, at 214,134 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MCGARY STATE UNIT 1011
- Who operates MCGARY STATE UNIT 1011?
- MCGARY STATE UNIT 1011 is operated by Carrizo (Permian) LLC, Railroad Commission of Texas operator number 135317.
- Where is MCGARY STATE UNIT 1011?
- MCGARY STATE UNIT 1011 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 286269.
- Is MCGARY STATE UNIT 1011 still producing?
- MCGARY STATE UNIT 1011 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCGARY STATE UNIT 1011 is August 2026.
- How much has MCGARY STATE UNIT 1011 produced?
- MCGARY STATE UNIT 1011 has reported 6,897,119 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2016 and August 2026, from 1 wellbore.
- How much is MCGARY STATE UNIT 1011 worth?
- The remaining production from MCGARY STATE UNIT 1011 is estimated to be worth about $3.5M in total as of 27 August 2026, within a range of $2.8M to $4.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCGARY STATE UNIT 1011 is a fraction of it. The estimate fits an Arps decline curve to the production MCGARY STATE UNIT 1011 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCGARY STATE UNIT 1011 is an estimate of value, not an offer and not an appraisal.
- How much income does MCGARY STATE UNIT 1011 generate in a year?
- MCGARY STATE UNIT 1011 is forecast to net about $698K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCGARY STATE UNIT 1011 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Carrizo (Permian) LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 286269 |
| Wellbores | 1 |
| Reported production | 6,897,119 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.5M |
Where MCGARY STATE UNIT 1011 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.