GAGE, STEVEN L.
GAGE, STEVEN L. is a Texas gas lease in Wise County, Railroad Commission district 09, operated by Mitchell Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from April 1997 to August 2026, totalling 940,270 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 $188K, with roughly $31K 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 1,356 thousand cubic feet a month. Its strongest month on the record we hold was January 2017, at 2,085 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 GAGE, STEVEN L.
- Who operates GAGE, STEVEN L.?
- GAGE, STEVEN L. is operated by Mitchell Energy Corporation, Railroad Commission of Texas operator number 570655.
- Where is GAGE, STEVEN L.?
- GAGE, STEVEN L. is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 164097.
- Is GAGE, STEVEN L. still producing?
- GAGE, STEVEN L. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GAGE, STEVEN L. is August 2026.
- How much has GAGE, STEVEN L. produced?
- GAGE, STEVEN L. has reported 940,270 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 1997 and August 2026, from 1 wellbore.
- How much is GAGE, STEVEN L. worth?
- The remaining production from GAGE, STEVEN L. is estimated to be worth about $188K in total as of 26 August 2026, within a range of $156K to $220K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GAGE, STEVEN L. is a fraction of it. The estimate fits an Arps decline curve to the production GAGE, STEVEN L. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GAGE, STEVEN L. is an estimate of value, not an offer and not an appraisal.
- How much income does GAGE, STEVEN L. generate in a year?
- GAGE, STEVEN L. is forecast to net about $31K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GAGE, STEVEN L. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mitchell Energy Corporation |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 164097 |
| Wellbores | 1 |
| Reported production | 940,270 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $188K |
Where GAGE, STEVEN L. 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.