PICKETT NO. 1 GAS UNIT
PICKETT NO. 1 GAS UNIT is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Xto Energy Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2008 to August 2026, totalling 1,050,334 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 $324K, with roughly $49K 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 2,014 thousand cubic feet a month. Its strongest month on the record we hold was May 2021, at 4,184 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 PICKETT NO. 1 GAS UNIT
- Who operates PICKETT NO. 1 GAS UNIT?
- PICKETT NO. 1 GAS UNIT is operated by Xto Energy Inc., Railroad Commission of Texas operator number 945936.
- Where is PICKETT NO. 1 GAS UNIT?
- PICKETT NO. 1 GAS UNIT is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 251249.
- Is PICKETT NO. 1 GAS UNIT still producing?
- PICKETT NO. 1 GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PICKETT NO. 1 GAS UNIT is August 2026.
- How much has PICKETT NO. 1 GAS UNIT produced?
- PICKETT NO. 1 GAS UNIT has reported 1,050,334 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2008 and August 2026, from 1 wellbore.
- How much is PICKETT NO. 1 GAS UNIT worth?
- The remaining production from PICKETT NO. 1 GAS UNIT is estimated to be worth about $324K in total as of 27 August 2026, within a range of $269K to $379K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PICKETT NO. 1 GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PICKETT NO. 1 GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PICKETT NO. 1 GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PICKETT NO. 1 GAS UNIT generate in a year?
- PICKETT NO. 1 GAS UNIT is forecast to net about $49K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PICKETT NO. 1 GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Xto Energy Inc. |
|---|---|
| Field | Teague (CV-Bossier Cons.) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 251249 |
| Wellbores | 1 |
| Reported production | 1,050,334 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $324K |
Where PICKETT NO. 1 GAS UNIT 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.