BURTON, BILLIE JEAN
BURTON, BILLIE JEAN is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Seagull Energy E&P Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 1997 to August 2026, totalling 1,257,584 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 $242K, with roughly $47K 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 1,875 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 2,693 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 BURTON, BILLIE JEAN
- Who operates BURTON, BILLIE JEAN?
- BURTON, BILLIE JEAN is operated by Seagull Energy E&P Inc., Railroad Commission of Texas operator number 761701.
- Where is BURTON, BILLIE JEAN?
- BURTON, BILLIE JEAN is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 168476.
- Is BURTON, BILLIE JEAN still producing?
- BURTON, BILLIE JEAN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BURTON, BILLIE JEAN is August 2026.
- How much has BURTON, BILLIE JEAN produced?
- BURTON, BILLIE JEAN has reported 1,257,584 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 1997 and August 2026, from 1 wellbore.
- How much is BURTON, BILLIE JEAN worth?
- The remaining production from BURTON, BILLIE JEAN is estimated to be worth about $242K in total as of 26 August 2026, within a range of $201K to $283K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BURTON, BILLIE JEAN is a fraction of it. The estimate fits an Arps decline curve to the production BURTON, BILLIE JEAN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BURTON, BILLIE JEAN is an estimate of value, not an offer and not an appraisal.
- How much income does BURTON, BILLIE JEAN generate in a year?
- BURTON, BILLIE JEAN is forecast to net about $47K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BURTON, BILLIE JEAN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Seagull Energy E&P Inc. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 168476 |
| Wellbores | 1 |
| Reported production | 1,257,584 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $242K |
Where BURTON, BILLIE JEAN 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.