MAJOR
MAJOR is a Texas gas lease in Wheeler County, Railroad Commission district 10, operated by Rio Petroleum, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 224,697 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 $52K, with roughly $9K 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 475 thousand cubic feet a month. Its strongest month on the record we hold was May 2025, at 637 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 MAJOR
- Who operates MAJOR?
- MAJOR is operated by Rio Petroleum, Inc., Railroad Commission of Texas operator number 712840.
- Where is MAJOR?
- MAJOR is a Texas gas lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 026537.
- Is MAJOR still producing?
- MAJOR is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAJOR is August 2026.
- How much has MAJOR produced?
- MAJOR has reported 224,697 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MAJOR worth?
- The remaining production from MAJOR is estimated to be worth about $52K in total as of 26 August 2026, within a range of $41K to $64K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAJOR is a fraction of it. The estimate fits an Arps decline curve to the production MAJOR has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAJOR is an estimate of value, not an offer and not an appraisal.
- How much income does MAJOR generate in a year?
- MAJOR is forecast to net about $9K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MAJOR receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rio Petroleum, Inc. |
|---|---|
| Field | Panhandle, East |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 026537 |
| Wellbores | 1 |
| Reported production | 224,697 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $52K |
Where MAJOR 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.