MULLINS, O. V. UNIT #1
MULLINS, O. V. UNIT #1 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Faulconer, Vernon E., Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 227,909 thousand cubic feet. The lease is intermittent. 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 $4K, with roughly $494 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 25 thousand cubic feet a month. Its strongest month on the record we hold was October 2019, at 530 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 MULLINS, O. V. UNIT #1
- Who operates MULLINS, O. V. UNIT #1?
- MULLINS, O. V. UNIT #1 is operated by Faulconer, Vernon E., Inc., Railroad Commission of Texas operator number 263701.
- Where is MULLINS, O. V. UNIT #1?
- MULLINS, O. V. UNIT #1 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 030340.
- Is MULLINS, O. V. UNIT #1 still producing?
- MULLINS, O. V. UNIT #1 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MULLINS, O. V. UNIT #1 is August 2026.
- How much has MULLINS, O. V. UNIT #1 produced?
- MULLINS, O. V. UNIT #1 has reported 227,909 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MULLINS, O. V. UNIT #1 worth?
- The remaining production from MULLINS, O. V. UNIT #1 is estimated to be worth about $4K in total as of 26 August 2026, within a range of $2K to $6K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MULLINS, O. V. UNIT #1 is a fraction of it. The estimate fits an Arps decline curve to the production MULLINS, O. V. UNIT #1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MULLINS, O. V. UNIT #1 is an estimate of value, not an offer and not an appraisal.
- How much income does MULLINS, O. V. UNIT #1 generate in a year?
- MULLINS, O. V. UNIT #1 is forecast to net about $494 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MULLINS, O. V. UNIT #1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Faulconer, Vernon E., Inc. |
|---|---|
| Field | Carthage (Travis Peak) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 030340 |
| Wellbores | 1 |
| Reported production | 227,909 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $4K |
Where MULLINS, O. V. UNIT #1 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.