AUSTIN-STATE OF TEXAS
AUSTIN-STATE OF TEXAS is a Texas gas lease in Webb County, Railroad Commission district 04, operated by Virtex Petroleum Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 2005 to August 2026, totalling 250,709 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 $90K, with roughly $14K 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 522 thousand cubic feet a month. Its strongest month on the record we hold was April 2025, at 1,352 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 AUSTIN-STATE OF TEXAS
- Who operates AUSTIN-STATE OF TEXAS?
- AUSTIN-STATE OF TEXAS is operated by Virtex Petroleum Company, Inc., Railroad Commission of Texas operator number 886228.
- Where is AUSTIN-STATE OF TEXAS?
- AUSTIN-STATE OF TEXAS is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 212812.
- Is AUSTIN-STATE OF TEXAS still producing?
- AUSTIN-STATE OF TEXAS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for AUSTIN-STATE OF TEXAS is August 2026.
- How much has AUSTIN-STATE OF TEXAS produced?
- AUSTIN-STATE OF TEXAS has reported 250,709 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2005 and August 2026, from 1 wellbore.
- How much is AUSTIN-STATE OF TEXAS worth?
- The remaining production from AUSTIN-STATE OF TEXAS is estimated to be worth about $90K in total as of 27 August 2026, within a range of $71K to $110K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in AUSTIN-STATE OF TEXAS is a fraction of it. The estimate fits an Arps decline curve to the production AUSTIN-STATE OF TEXAS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for AUSTIN-STATE OF TEXAS is an estimate of value, not an offer and not an appraisal.
- How much income does AUSTIN-STATE OF TEXAS generate in a year?
- AUSTIN-STATE OF TEXAS is forecast to net about $14K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in AUSTIN-STATE OF TEXAS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Virtex Petroleum Company, Inc. |
|---|---|
| Field | Owen (Olmos) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 212812 |
| Wellbores | 1 |
| Reported production | 250,709 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $90K |
Where AUSTIN-STATE OF TEXAS 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.