PENICK
PENICK is a Texas gas lease in Fayette County, Railroad Commission district 03, operated by Anadarko E&P Company LP. It has 1 wellbore on file with the Commission. Reported production runs from December 2002 to August 2026, totalling 2,652,179 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 $73K, with roughly $16K 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 729 thousand cubic feet a month. Its strongest month on the record we hold was April 2020, at 5,368 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 PENICK
- Who operates PENICK?
- PENICK is operated by Anadarko E&P Company LP, Railroad Commission of Texas operator number 020542.
- Where is PENICK?
- PENICK is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 193972.
- Is PENICK still producing?
- PENICK is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PENICK is August 2026.
- How much has PENICK produced?
- PENICK has reported 2,652,179 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2002 and August 2026, from 1 wellbore.
- How much is PENICK worth?
- The remaining production from PENICK is estimated to be worth about $73K in total as of 26 August 2026, within a range of $57K to $89K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PENICK is a fraction of it. The estimate fits an Arps decline curve to the production PENICK has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PENICK is an estimate of value, not an offer and not an appraisal.
- How much income does PENICK generate in a year?
- PENICK is forecast to net about $16K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PENICK receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Anadarko E&P Company LP |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 193972 |
| Wellbores | 1 |
| Reported production | 2,652,179 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $73K |
Where PENICK 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.