MCBAY
MCBAY is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Mustang Oil & Gas Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 222,950 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 $1K, with roughly $155 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 6 thousand cubic feet a month. Its strongest month on the record we hold was September 2018, at 76 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 100% 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 MCBAY
- Who operates MCBAY?
- MCBAY is operated by Mustang Oil & Gas Corporation, Railroad Commission of Texas operator number 596926.
- Where is MCBAY?
- MCBAY is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 122447.
- Is MCBAY still producing?
- MCBAY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MCBAY is August 2026.
- How much has MCBAY produced?
- MCBAY has reported 222,950 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MCBAY worth?
- The remaining production from MCBAY is estimated to be worth about $1K in total as of 27 August 2026, within a range of $0 to $2K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCBAY is a fraction of it. The estimate fits an Arps decline curve to the production MCBAY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCBAY is an estimate of value, not an offer and not an appraisal.
- How much income does MCBAY generate in a year?
- MCBAY is forecast to net about $155 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCBAY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mustang Oil & Gas Corporation |
|---|---|
| Field | Ranger,NW (Marble Falls) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 122447 |
| Wellbores | 1 |
| Reported production | 222,950 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1K |
Where MCBAY 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.