MARKEY #2
MARKEY #2 is a Texas gas lease in Rusk County, Railroad Commission district 06, operated by GMT Energy Corp. It has 1 wellbore on file with the Commission. Reported production runs from June 2004 to August 2026, totalling 1,112,634 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 $143K, with roughly $24K 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 1,571 thousand cubic feet a month. Its strongest month on the record we hold was August 2025, at 5,569 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 MARKEY #2
- Who operates MARKEY #2?
- MARKEY #2 is operated by GMT Energy Corp., Railroad Commission of Texas operator number 311406.
- Where is MARKEY #2?
- MARKEY #2 is a Texas gas lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 203796.
- Is MARKEY #2 still producing?
- MARKEY #2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MARKEY #2 is August 2026.
- How much has MARKEY #2 produced?
- MARKEY #2 has reported 1,112,634 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2004 and August 2026, from 1 wellbore.
- How much is MARKEY #2 worth?
- The remaining production from MARKEY #2 is estimated to be worth about $143K in total as of 26 August 2026, within a range of $119K to $167K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MARKEY #2 is a fraction of it. The estimate fits an Arps decline curve to the production MARKEY #2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MARKEY #2 is an estimate of value, not an offer and not an appraisal.
- How much income does MARKEY #2 generate in a year?
- MARKEY #2 is forecast to net about $24K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MARKEY #2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | GMT Energy Corp. |
|---|---|
| Field | Minden (Cotton Valley) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 203796 |
| Wellbores | 1 |
| Reported production | 1,112,634 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $143K |
Where MARKEY #2 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.