GALVAN RANCH P8
GALVAN RANCH P8 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 September 2010 to August 2026, totalling 197,229 thousand cubic feet. The lease is intermittent. 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 $2K, with roughly $266 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 50 thousand cubic feet a month. Its strongest month on the record we hold was October 2017, at 1,300 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 P8
- Who operates GALVAN RANCH P8?
- GALVAN RANCH P8 is operated by Legend Natural Gas III, LP, Railroad Commission of Texas operator number 495553.
- Where is GALVAN RANCH P8?
- GALVAN RANCH P8 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 260519.
- Is GALVAN RANCH P8 still producing?
- GALVAN RANCH P8 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for GALVAN RANCH P8 is August 2026.
- How much has GALVAN RANCH P8 produced?
- GALVAN RANCH P8 has reported 197,229 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2010 and August 2026, from 1 wellbore.
- How much is GALVAN RANCH P8 worth?
- The remaining production from GALVAN RANCH P8 is estimated to be worth about $2K in total as of 26 August 2026, within a range of $1K to $3K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GALVAN RANCH P8 is a fraction of it. The estimate fits an Arps decline curve to the production GALVAN RANCH P8 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 P8 is an estimate of value, not an offer and not an appraisal.
- How much income does GALVAN RANCH P8 generate in a year?
- GALVAN RANCH P8 is forecast to net about $266 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GALVAN RANCH P8 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 | 260519 |
| Wellbores | 1 |
| Reported production | 197,229 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2K |
Where GALVAN RANCH P8 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.