FOSTER, WALTER
FOSTER, WALTER is a Texas gas lease in Wheeler County, Railroad Commission district 10, operated by Meridian Oil Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 121,762 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 $38K, with roughly $5K 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 190 thousand cubic feet a month. Its strongest month on the record we hold was March 2021, at 295 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 FOSTER, WALTER
- Who operates FOSTER, WALTER?
- FOSTER, WALTER is operated by Meridian Oil Inc., Railroad Commission of Texas operator number 561132.
- Where is FOSTER, WALTER?
- FOSTER, WALTER is a Texas gas lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 026073.
- Is FOSTER, WALTER still producing?
- FOSTER, WALTER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FOSTER, WALTER is August 2026.
- How much has FOSTER, WALTER produced?
- FOSTER, WALTER has reported 121,762 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is FOSTER, WALTER worth?
- The remaining production from FOSTER, WALTER is estimated to be worth about $38K in total as of 26 August 2026, within a range of $29K to $46K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FOSTER, WALTER is a fraction of it. The estimate fits an Arps decline curve to the production FOSTER, WALTER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FOSTER, WALTER is an estimate of value, not an offer and not an appraisal.
- How much income does FOSTER, WALTER generate in a year?
- FOSTER, WALTER is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FOSTER, WALTER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Meridian Oil Inc. |
|---|---|
| Field | Panhandle, East |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 026073 |
| Wellbores | 1 |
| Reported production | 121,762 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $38K |
Where FOSTER, WALTER 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.