MILAGROS
MILAGROS is a Texas gas lease in Webb County, Railroad Commission district 04, operated by Circle-S Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2025 to August 2026, totalling 3,050,828 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 $19.7M, with roughly $5.5M 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 287,635 thousand cubic feet a month. Its strongest month on the record we hold was August 2025, at 418,033 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 MILAGROS
- Who operates MILAGROS?
- MILAGROS is operated by Circle-S Energy, LLC, Railroad Commission of Texas operator number 100703.
- Where is MILAGROS?
- MILAGROS is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 300348.
- Is MILAGROS still producing?
- MILAGROS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MILAGROS is August 2026.
- How much has MILAGROS produced?
- MILAGROS has reported 3,050,828 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2025 and August 2026, from 1 wellbore.
- How much is MILAGROS worth?
- The remaining production from MILAGROS is estimated to be worth about $19.7M in total as of 26 August 2026, within a range of $16.2M to $23.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MILAGROS is a fraction of it. The estimate fits an Arps decline curve to the production MILAGROS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MILAGROS is an estimate of value, not an offer and not an appraisal.
- How much income does MILAGROS generate in a year?
- MILAGROS is forecast to net about $5.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MILAGROS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Circle-S Energy, LLC |
|---|---|
| Field | Hawkville (Austin Chalk) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 300348 |
| Wellbores | 1 |
| Reported production | 3,050,828 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $19.7M |
Where MILAGROS 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.