GALVAN RANCH R12
GALVAN RANCH R12 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 2010 to August 2026, totalling 136,607 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 $23K, with roughly $8K 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 400 thousand cubic feet a month. Its strongest month on the record we hold was July 2021, at 1,495 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 R12
- Who operates GALVAN RANCH R12?
- GALVAN RANCH R12 is operated by Legend Natural Gas III, LP, Railroad Commission of Texas operator number 495553.
- Where is GALVAN RANCH R12?
- GALVAN RANCH R12 is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 255712.
- Is GALVAN RANCH R12 still producing?
- GALVAN RANCH R12 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GALVAN RANCH R12 is August 2026.
- How much has GALVAN RANCH R12 produced?
- GALVAN RANCH R12 has reported 136,607 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2010 and August 2026, from 1 wellbore.
- How much is GALVAN RANCH R12 worth?
- The remaining production from GALVAN RANCH R12 is estimated to be worth about $23K in total as of 26 August 2026, within a range of $18K to $29K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GALVAN RANCH R12 is a fraction of it. The estimate fits an Arps decline curve to the production GALVAN RANCH R12 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 R12 is an estimate of value, not an offer and not an appraisal.
- How much income does GALVAN RANCH R12 generate in a year?
- GALVAN RANCH R12 is forecast to net about $8K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GALVAN RANCH R12 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 | 255712 |
| Wellbores | 1 |
| Reported production | 136,607 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $23K |
Where GALVAN RANCH R12 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.