NEEDMORE
NEEDMORE is a Texas gas lease in Webb County, Railroad Commission district 04, operated by Laredo Energy Operating, LLC. It has 1 wellbore on file with the Commission. Reported production runs from July 2014 to August 2026, totalling 1,323,978 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 $475K, with roughly $72K 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 3,135 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 17,428 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 NEEDMORE
- Who operates NEEDMORE?
- NEEDMORE is operated by Laredo Energy Operating, LLC, Railroad Commission of Texas operator number 486517.
- Where is NEEDMORE?
- NEEDMORE is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 275279.
- Is NEEDMORE still producing?
- NEEDMORE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEEDMORE is August 2026.
- How much has NEEDMORE produced?
- NEEDMORE has reported 1,323,978 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2014 and August 2026, from 1 wellbore.
- How much is NEEDMORE worth?
- The remaining production from NEEDMORE is estimated to be worth about $475K in total as of 26 August 2026, within a range of $394K to $556K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEEDMORE is a fraction of it. The estimate fits an Arps decline curve to the production NEEDMORE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEEDMORE is an estimate of value, not an offer and not an appraisal.
- How much income does NEEDMORE generate in a year?
- NEEDMORE is forecast to net about $72K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEEDMORE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Laredo Energy Operating, LLC |
|---|---|
| Field | Owen (Olmos) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 275279 |
| Wellbores | 1 |
| Reported production | 1,323,978 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $475K |
Where NEEDMORE 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.