GALVAN RANCH L11
GALVAN RANCH L11 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 July 2008 to August 2026, totalling 255,418 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 $6K, with roughly $715 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 126 thousand cubic feet a month. Its strongest month on the record we hold was September 2025, at 690 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 L11
- Who operates GALVAN RANCH L11?
- GALVAN RANCH L11 is operated by Legend Natural Gas III, LP, Railroad Commission of Texas operator number 495553.
- Where is GALVAN RANCH L11?
- GALVAN RANCH L11 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 242007.
- Is GALVAN RANCH L11 still producing?
- GALVAN RANCH L11 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GALVAN RANCH L11 is August 2026.
- How much has GALVAN RANCH L11 produced?
- GALVAN RANCH L11 has reported 255,418 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2008 and August 2026, from 1 wellbore.
- How much is GALVAN RANCH L11 worth?
- The remaining production from GALVAN RANCH L11 is estimated to be worth about $6K in total as of 26 August 2026, within a range of $4K to $7K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GALVAN RANCH L11 is a fraction of it. The estimate fits an Arps decline curve to the production GALVAN RANCH L11 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 L11 is an estimate of value, not an offer and not an appraisal.
- How much income does GALVAN RANCH L11 generate in a year?
- GALVAN RANCH L11 is forecast to net about $715 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GALVAN RANCH L11 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 | 242007 |
| Wellbores | 1 |
| Reported production | 255,418 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $6K |
Where GALVAN RANCH L11 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.