FREEMAN GAS UNIT
FREEMAN GAS UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Union Pacific Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 2,395,852 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 $195K, with roughly $52K 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 2,182 thousand cubic feet a month. Its strongest month on the record we hold was January 2018, at 4,299 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 FREEMAN GAS UNIT
- Who operates FREEMAN GAS UNIT?
- FREEMAN GAS UNIT is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is FREEMAN GAS UNIT?
- FREEMAN GAS UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 142912.
- Is FREEMAN GAS UNIT still producing?
- FREEMAN GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FREEMAN GAS UNIT is August 2026.
- How much has FREEMAN GAS UNIT produced?
- FREEMAN GAS UNIT has reported 2,395,852 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is FREEMAN GAS UNIT worth?
- The remaining production from FREEMAN GAS UNIT is estimated to be worth about $195K in total as of 26 August 2026, within a range of $162K to $228K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FREEMAN GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production FREEMAN 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 FREEMAN GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does FREEMAN GAS UNIT generate in a year?
- FREEMAN GAS UNIT is forecast to net about $52K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FREEMAN GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 142912 |
| Wellbores | 1 |
| Reported production | 2,395,852 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $195K |
Where FREEMAN 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.