CALLOWAY
CALLOWAY is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Marjac Oil Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2018 to August 2026, totalling 147,147 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 $292K, with roughly $44K 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 2,061 thousand cubic feet a month. Its strongest month on the record we hold was January 2023, at 3,396 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 CALLOWAY
- Who operates CALLOWAY?
- CALLOWAY is operated by Marjac Oil Company, Inc., Railroad Commission of Texas operator number 526262.
- Where is CALLOWAY?
- CALLOWAY is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 285926.
- Is CALLOWAY still producing?
- CALLOWAY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CALLOWAY is August 2026.
- How much has CALLOWAY produced?
- CALLOWAY has reported 147,147 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2018 and August 2026, from 1 wellbore.
- How much is CALLOWAY worth?
- The remaining production from CALLOWAY is estimated to be worth about $292K in total as of 26 August 2026, within a range of $243K to $342K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CALLOWAY is a fraction of it. The estimate fits an Arps decline curve to the production CALLOWAY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CALLOWAY is an estimate of value, not an offer and not an appraisal.
- How much income does CALLOWAY generate in a year?
- CALLOWAY is forecast to net about $44K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CALLOWAY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marjac Oil Company, Inc. |
|---|---|
| Field | Lee Ray (Caddo) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 285926 |
| Wellbores | 1 |
| Reported production | 147,147 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $292K |
Where CALLOWAY 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.