JENNINGS
JENNINGS is a Texas gas lease in Zapata County, Railroad Commission district 04, operated by Pennzoil Exploration & Prod. Co. It has 1 wellbore on file with the Commission. Reported production runs from September 1998 to August 2026, totalling 1,335,147 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 $98K, with roughly $15K 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 643 thousand cubic feet a month. Its strongest month on the record we hold was October 2018, at 1,204 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 JENNINGS
- Who operates JENNINGS?
- JENNINGS is operated by Pennzoil Exploration & Prod. Co., Railroad Commission of Texas operator number 652352.
- Where is JENNINGS?
- JENNINGS is a Texas gas lease in Zapata County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 170579.
- Is JENNINGS still producing?
- JENNINGS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JENNINGS is August 2026.
- How much has JENNINGS produced?
- JENNINGS has reported 1,335,147 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 1998 and August 2026, from 1 wellbore.
- How much is JENNINGS worth?
- The remaining production from JENNINGS is estimated to be worth about $98K in total as of 27 August 2026, within a range of $77K to $120K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JENNINGS is a fraction of it. The estimate fits an Arps decline curve to the production JENNINGS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JENNINGS is an estimate of value, not an offer and not an appraisal.
- How much income does JENNINGS generate in a year?
- JENNINGS is forecast to net about $15K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JENNINGS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Exploration & Prod. Co. |
|---|---|
| Field | Jennings, W. (Wilcox 7150) |
| County | Zapata County, Texas |
| RRC district | 04 |
| Lease number | 170579 |
| Wellbores | 1 |
| Reported production | 1,335,147 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $98K |
Where JENNINGS 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.