CALLAWAY
CALLAWAY is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Lone Star Gas Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 273,709 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 $5K, with roughly $3K 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 270 thousand cubic feet a month. Its strongest month on the record we hold was June 2018, at 1,994 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 CALLAWAY
- Who operates CALLAWAY?
- CALLAWAY is operated by Lone Star Gas Co., Railroad Commission of Texas operator number 507200.
- Where is CALLAWAY?
- CALLAWAY is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 017868.
- Is CALLAWAY still producing?
- CALLAWAY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CALLAWAY is August 2026.
- How much has CALLAWAY produced?
- CALLAWAY has reported 273,709 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CALLAWAY worth?
- The remaining production from CALLAWAY is estimated to be worth about $5K in total as of 26 August 2026, within a range of $4K to $7K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CALLAWAY is a fraction of it. The estimate fits an Arps decline curve to the production CALLAWAY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CALLAWAY is an estimate of value, not an offer and not an appraisal.
- How much income does CALLAWAY generate in a year?
- CALLAWAY is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CALLAWAY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lone Star Gas Co. |
|---|---|
| Field | Lee Ray (Strawn Shallow) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 017868 |
| Wellbores | 1 |
| Reported production | 273,709 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $5K |
Where CALLAWAY 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.