TILLERY UNIT
TILLERY UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Pennzoil Exploration & Prod. Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,071,069 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 $135K, with roughly $43K 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 2,279 thousand cubic feet a month. Its strongest month on the record we hold was January 2023, at 5,004 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 TILLERY UNIT
- Who operates TILLERY UNIT?
- TILLERY UNIT is operated by Pennzoil Exploration & Prod. Co., Railroad Commission of Texas operator number 652352.
- Where is TILLERY UNIT?
- TILLERY UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 097189.
- Is TILLERY UNIT still producing?
- TILLERY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TILLERY UNIT is August 2026.
- How much has TILLERY UNIT produced?
- TILLERY UNIT has reported 1,071,069 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is TILLERY UNIT worth?
- The remaining production from TILLERY UNIT is estimated to be worth about $135K in total as of 26 August 2026, within a range of $112K to $158K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TILLERY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production TILLERY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TILLERY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does TILLERY UNIT generate in a year?
- TILLERY UNIT is forecast to net about $43K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TILLERY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Exploration & Prod. Co. |
|---|---|
| Field | Bethany, East (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 097189 |
| Wellbores | 1 |
| Reported production | 1,071,069 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $135K |
Where TILLERY 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.