GALVAN RANCH J11
GALVAN RANCH J11 is a Texas gas lease in Webb County, Railroad Commission district 04, operated by Legend Natural Gas III, LP. It has 1 wellbore on file with the Commission. Reported production runs from August 2008 to August 2026, totalling 340,102 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 183 thousand cubic feet a month. Its strongest month on the record we hold was November 2016, at 1,046 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 GALVAN RANCH J11
- Who operates GALVAN RANCH J11?
- GALVAN RANCH J11 is operated by Legend Natural Gas III, LP, Railroad Commission of Texas operator number 495553.
- Where is GALVAN RANCH J11?
- GALVAN RANCH J11 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 243099.
- Is GALVAN RANCH J11 still producing?
- GALVAN RANCH J11 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GALVAN RANCH J11 is August 2026.
- How much has GALVAN RANCH J11 produced?
- GALVAN RANCH J11 has reported 340,102 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2008 and August 2026, from 1 wellbore.
- How much is GALVAN RANCH J11 worth?
- The remaining production from GALVAN RANCH J11 is estimated to be worth about $37K in total as of 26 August 2026, within a range of $29K to $45K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GALVAN RANCH J11 is a fraction of it. The estimate fits an Arps decline curve to the production GALVAN RANCH J11 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GALVAN RANCH J11 is an estimate of value, not an offer and not an appraisal.
- How much income does GALVAN RANCH J11 generate in a year?
- GALVAN RANCH J11 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 GALVAN RANCH J11 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Legend Natural Gas III, LP |
|---|---|
| Field | Las Tiendas (Olmos) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 243099 |
| Wellbores | 1 |
| Reported production | 340,102 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $37K |
Where GALVAN RANCH J11 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.