GALVAN RANCH PR 2
GALVAN RANCH PR 2 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 149,920 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 $395, with roughly $50 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 13 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 1,546 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 PR 2
- Who operates GALVAN RANCH PR 2?
- GALVAN RANCH PR 2 is operated by Legend Natural Gas III, LP, Railroad Commission of Texas operator number 495553.
- Where is GALVAN RANCH PR 2?
- GALVAN RANCH PR 2 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 243344.
- Is GALVAN RANCH PR 2 still producing?
- GALVAN RANCH PR 2 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for GALVAN RANCH PR 2 is August 2026.
- How much has GALVAN RANCH PR 2 produced?
- GALVAN RANCH PR 2 has reported 149,920 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 PR 2 worth?
- The remaining production from GALVAN RANCH PR 2 is estimated to be worth about $395 in total as of 27 August 2026, within a range of $217 to $573. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GALVAN RANCH PR 2 is a fraction of it. The estimate fits an Arps decline curve to the production GALVAN RANCH PR 2 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 PR 2 is an estimate of value, not an offer and not an appraisal.
- How much income does GALVAN RANCH PR 2 generate in a year?
- GALVAN RANCH PR 2 is forecast to net about $50 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GALVAN RANCH PR 2 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 | 243344 |
| Wellbores | 1 |
| Reported production | 149,920 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $395 |
Where GALVAN RANCH PR 2 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.