FITE, J.B. GAS UNIT
FITE, J.B. GAS UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Sonat Exploration Company -Tyler. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 684,780 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 $44K, with roughly $8K 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 404 thousand cubic feet a month. Its strongest month on the record we hold was March 2024, at 631 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 FITE, J.B. GAS UNIT
- Who operates FITE, J.B. GAS UNIT?
- FITE, J.B. GAS UNIT is operated by Sonat Exploration Company -Tyler, Railroad Commission of Texas operator number 801642.
- Where is FITE, J.B. GAS UNIT?
- FITE, J.B. GAS UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 124018.
- Is FITE, J.B. GAS UNIT still producing?
- FITE, J.B. GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FITE, J.B. GAS UNIT is August 2026.
- How much has FITE, J.B. GAS UNIT produced?
- FITE, J.B. GAS UNIT has reported 684,780 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is FITE, J.B. GAS UNIT worth?
- The remaining production from FITE, J.B. GAS UNIT is estimated to be worth about $44K in total as of 26 August 2026, within a range of $34K to $54K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FITE, J.B. GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production FITE, J.B. 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 FITE, J.B. GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does FITE, J.B. GAS UNIT generate in a year?
- FITE, J.B. GAS UNIT is forecast to net about $8K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FITE, J.B. GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sonat Exploration Company -Tyler |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 124018 |
| Wellbores | 1 |
| Reported production | 684,780 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $44K |
Where FITE, J.B. 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.