GRAVES ESTATE
GRAVES ESTATE is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Seagull Mid-South, Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 1996 to August 2026, totalling 1,404,649 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 $207K, with roughly $33K 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 1,146 thousand cubic feet a month. Its strongest month on the record we hold was October 2017, at 2,635 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 GRAVES ESTATE
- Who operates GRAVES ESTATE?
- GRAVES ESTATE is operated by Seagull Mid-South, Inc., Railroad Commission of Texas operator number 761706.
- Where is GRAVES ESTATE?
- GRAVES ESTATE is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 165104.
- Is GRAVES ESTATE still producing?
- GRAVES ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAVES ESTATE is August 2026.
- How much has GRAVES ESTATE produced?
- GRAVES ESTATE has reported 1,404,649 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 1996 and August 2026, from 1 wellbore.
- How much is GRAVES ESTATE worth?
- The remaining production from GRAVES ESTATE is estimated to be worth about $207K in total as of 26 August 2026, within a range of $172K to $243K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAVES ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production GRAVES ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAVES ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does GRAVES ESTATE generate in a year?
- GRAVES ESTATE is forecast to net about $33K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAVES ESTATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Seagull Mid-South, Inc. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 165104 |
| Wellbores | 1 |
| Reported production | 1,404,649 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $207K |
Where GRAVES ESTATE 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.