GALVAN RANCH P1
GALVAN RANCH P1 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 February 2008 to August 2026, totalling 90,626 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 $8K, with roughly $1K 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 70 thousand cubic feet a month. Its strongest month on the record we hold was April 2017, at 1,147 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 P1
- Who operates GALVAN RANCH P1?
- GALVAN RANCH P1 is operated by Legend Natural Gas III, LP, Railroad Commission of Texas operator number 495553.
- Where is GALVAN RANCH P1?
- GALVAN RANCH P1 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 238451.
- Is GALVAN RANCH P1 still producing?
- GALVAN RANCH P1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GALVAN RANCH P1 is August 2026.
- How much has GALVAN RANCH P1 produced?
- GALVAN RANCH P1 has reported 90,626 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2008 and August 2026, from 1 wellbore.
- How much is GALVAN RANCH P1 worth?
- The remaining production from GALVAN RANCH P1 is estimated to be worth about $8K in total as of 26 August 2026, within a range of $4K to $12K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GALVAN RANCH P1 is a fraction of it. The estimate fits an Arps decline curve to the production GALVAN RANCH P1 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 P1 is an estimate of value, not an offer and not an appraisal.
- How much income does GALVAN RANCH P1 generate in a year?
- GALVAN RANCH P1 is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GALVAN RANCH P1 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 | 238451 |
| Wellbores | 1 |
| Reported production | 90,626 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $8K |
Where GALVAN RANCH P1 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.