MAYER 38
MAYER 38 is a Texas gas lease in Sutton County, Railroad Commission district 7C, operated by American Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 165,039 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 $37K, with roughly $5K 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 177 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 415 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 MAYER 38
- Who operates MAYER 38?
- MAYER 38 is operated by American Exploration Company, Railroad Commission of Texas operator number 018023.
- Where is MAYER 38?
- MAYER 38 is a Texas gas lease in Sutton County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 057352.
- Is MAYER 38 still producing?
- MAYER 38 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAYER 38 is August 2026.
- How much has MAYER 38 produced?
- MAYER 38 has reported 165,039 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MAYER 38 worth?
- The remaining production from MAYER 38 is estimated to be worth about $37K in total as of 27 August 2026, within a range of $29K to $46K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAYER 38 is a fraction of it. The estimate fits an Arps decline curve to the production MAYER 38 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAYER 38 is an estimate of value, not an offer and not an appraisal.
- How much income does MAYER 38 generate in a year?
- MAYER 38 is forecast to net about $5K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MAYER 38 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | American Exploration Company |
|---|---|
| Field | Sawyer (Canyon) |
| County | Sutton County, Texas |
| RRC district | 7C |
| Lease number | 057352 |
| Wellbores | 1 |
| Reported production | 165,039 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $37K |
Where MAYER 38 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.