GLASPIE, OCIE GAS UNIT
GLASPIE, OCIE GAS UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Vastar Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 1996 to August 2026, totalling 1,345,440 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 $24K, with roughly $13K 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 577 thousand cubic feet a month. Its strongest month on the record we hold was April 2022, at 3,628 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 GLASPIE, OCIE GAS UNIT
- Who operates GLASPIE, OCIE GAS UNIT?
- GLASPIE, OCIE GAS UNIT is operated by Vastar Resources, Inc., Railroad Commission of Texas operator number 883810.
- Where is GLASPIE, OCIE GAS UNIT?
- GLASPIE, OCIE GAS UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 159723.
- Is GLASPIE, OCIE GAS UNIT still producing?
- GLASPIE, OCIE GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GLASPIE, OCIE GAS UNIT is August 2026.
- How much has GLASPIE, OCIE GAS UNIT produced?
- GLASPIE, OCIE GAS UNIT has reported 1,345,440 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 1996 and August 2026, from 1 wellbore.
- How much is GLASPIE, OCIE GAS UNIT worth?
- The remaining production from GLASPIE, OCIE GAS UNIT is estimated to be worth about $24K in total as of 27 August 2026, within a range of $19K to $30K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GLASPIE, OCIE GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GLASPIE, OCIE 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 GLASPIE, OCIE GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GLASPIE, OCIE GAS UNIT generate in a year?
- GLASPIE, OCIE GAS UNIT is forecast to net about $13K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GLASPIE, OCIE GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Vastar Resources, Inc. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 159723 |
| Wellbores | 1 |
| Reported production | 1,345,440 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $24K |
Where GLASPIE, OCIE 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.