WRIGHT-LONG GAS UNIT
WRIGHT-LONG GAS UNIT 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 July 2010 to August 2026, totalling 216,916 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 $42K, with roughly $10K 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 129 thousand cubic feet a month. Its strongest month on the record we hold was April 2017, at 1,820 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 WRIGHT-LONG GAS UNIT
- Who operates WRIGHT-LONG GAS UNIT?
- WRIGHT-LONG GAS UNIT is operated by Legend Natural Gas III, LP, Railroad Commission of Texas operator number 495553.
- Where is WRIGHT-LONG GAS UNIT?
- WRIGHT-LONG GAS UNIT is a Texas gas lease in Webb County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 260742.
- Is WRIGHT-LONG GAS UNIT still producing?
- WRIGHT-LONG GAS UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for WRIGHT-LONG GAS UNIT is August 2026.
- How much has WRIGHT-LONG GAS UNIT produced?
- WRIGHT-LONG GAS UNIT has reported 216,916 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2010 and August 2026, from 1 wellbore.
- How much is WRIGHT-LONG GAS UNIT worth?
- The remaining production from WRIGHT-LONG GAS UNIT is estimated to be worth about $42K in total as of 26 August 2026, within a range of $32K to $51K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WRIGHT-LONG GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WRIGHT-LONG GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WRIGHT-LONG GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WRIGHT-LONG GAS UNIT generate in a year?
- WRIGHT-LONG GAS UNIT is forecast to net about $10K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WRIGHT-LONG GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Legend Natural Gas III, LP |
|---|---|
| Field | Tom Walsh (Olmos) |
| County | Webb County, Texas |
| RRC district | 04 |
| Lease number | 260742 |
| Wellbores | 1 |
| Reported production | 216,916 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $42K |
Where WRIGHT-LONG GAS UNIT 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.