DELTA QUEEN
DELTA QUEEN is a Texas gas lease in Ward County, Railroad Commission district 08, operated by Contango Resources, LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2023 to August 2026, totalling 9,110 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 $42K, 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 265 thousand cubic feet a month. Its strongest month on the record we hold was July 2025, at 441 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 DELTA QUEEN
- Who operates DELTA QUEEN?
- DELTA QUEEN is operated by Contango Resources, LLC, Railroad Commission of Texas operator number 100222.
- Where is DELTA QUEEN?
- DELTA QUEEN is a Texas gas lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 296439.
- Is DELTA QUEEN still producing?
- DELTA QUEEN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DELTA QUEEN is August 2026.
- How much has DELTA QUEEN produced?
- DELTA QUEEN has reported 9,110 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2023 and August 2026, from 1 wellbore.
- How much is DELTA QUEEN worth?
- The remaining production from DELTA QUEEN is estimated to be worth about $42K in total as of 26 August 2026, within a range of $33K to $51K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DELTA QUEEN is a fraction of it. The estimate fits an Arps decline curve to the production DELTA QUEEN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DELTA QUEEN is an estimate of value, not an offer and not an appraisal.
- How much income does DELTA QUEEN generate in a year?
- DELTA QUEEN is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DELTA QUEEN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Contango Resources, LLC |
|---|---|
| Field | Payton (5950) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 296439 |
| Wellbores | 1 |
| Reported production | 9,110 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $42K |
Where DELTA QUEEN 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.