PETTY
PETTY is a Texas gas lease in Hardin County, Railroad Commission district 03, operated by Union Gas Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2011 to August 2026, totalling 939,402 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 $1.4M, with roughly $355K 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 2,070 thousand cubic feet a month. Its strongest month on the record we hold was February 2020, at 5,517 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 PETTY
- Who operates PETTY?
- PETTY is operated by Union Gas Operating Company, Railroad Commission of Texas operator number 876500.
- Where is PETTY?
- PETTY is a Texas gas lease in Hardin County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 265203.
- Is PETTY still producing?
- PETTY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PETTY is August 2026.
- How much has PETTY produced?
- PETTY has reported 939,402 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2011 and August 2026, from 1 wellbore.
- How much is PETTY worth?
- The remaining production from PETTY is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $1.2M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETTY is a fraction of it. The estimate fits an Arps decline curve to the production PETTY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETTY is an estimate of value, not an offer and not an appraisal.
- How much income does PETTY generate in a year?
- PETTY is forecast to net about $355K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PETTY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Gas Operating Company |
|---|---|
| Field | Vickers (Wilcox Middle) |
| County | Hardin County, Texas |
| RRC district | 03 |
| Lease number | 265203 |
| Wellbores | 1 |
| Reported production | 939,402 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where PETTY 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.