GARNER RANCH "1060"
GARNER RANCH "1060" is a Texas gas lease in Webb County, Railroad Commission district 04, operated by Texaco E & P Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 611,236 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 $39K, with roughly $7K 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 324 thousand cubic feet a month. Its strongest month on the record we hold was October 2021, at 3,001 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 GARNER RANCH "1060"
- Who operates GARNER RANCH "1060"?
- GARNER RANCH "1060" is operated by Texaco E & P Inc., Railroad Commission of Texas operator number 844118.
- Where is GARNER RANCH "1060"?
- GARNER RANCH "1060" is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 118093.
- Is GARNER RANCH "1060" still producing?
- GARNER RANCH "1060" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GARNER RANCH "1060" is August 2026.
- How much has GARNER RANCH "1060" produced?
- GARNER RANCH "1060" has reported 611,236 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GARNER RANCH "1060" worth?
- The remaining production from GARNER RANCH "1060" is estimated to be worth about $39K 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 GARNER RANCH "1060" is a fraction of it. The estimate fits an Arps decline curve to the production GARNER RANCH "1060" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GARNER RANCH "1060" is an estimate of value, not an offer and not an appraisal.
- How much income does GARNER RANCH "1060" generate in a year?
- GARNER RANCH "1060" is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GARNER RANCH "1060" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Texaco E & P Inc. |
|---|---|
| Field | Tom Walsh, W. (Olmos) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 118093 |
| Wellbores | 1 |
| Reported production | 611,236 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $39K |
Where GARNER RANCH "1060" 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.