GALVAN RANCH P16
GALVAN RANCH P16 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 April 2008 to August 2026, totalling 234,167 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 $38K, 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 250 thousand cubic feet a month. Its strongest month on the record we hold was August 2017, at 1,235 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 P16
- Who operates GALVAN RANCH P16?
- GALVAN RANCH P16 is operated by Legend Natural Gas III, LP, Railroad Commission of Texas operator number 495553.
- Where is GALVAN RANCH P16?
- GALVAN RANCH P16 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 241098.
- Is GALVAN RANCH P16 still producing?
- GALVAN RANCH P16 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GALVAN RANCH P16 is August 2026.
- How much has GALVAN RANCH P16 produced?
- GALVAN RANCH P16 has reported 234,167 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2008 and August 2026, from 1 wellbore.
- How much is GALVAN RANCH P16 worth?
- The remaining production from GALVAN RANCH P16 is estimated to be worth about $38K in total as of 26 August 2026, within a range of $30K to $47K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GALVAN RANCH P16 is a fraction of it. The estimate fits an Arps decline curve to the production GALVAN RANCH P16 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 P16 is an estimate of value, not an offer and not an appraisal.
- How much income does GALVAN RANCH P16 generate in a year?
- GALVAN RANCH P16 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 P16 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 | 241098 |
| Wellbores | 1 |
| Reported production | 234,167 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $38K |
Where GALVAN RANCH P16 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.