CGU 16
CGU 16 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Rme Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2000 to August 2026, totalling 996,628 thousand cubic feet. The lease is intermittent. 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 $10K, with roughly $1K 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 22 thousand cubic feet a month. Its strongest month on the record we hold was November 2016, at 4,879 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 CGU 16
- Who operates CGU 16?
- CGU 16 is operated by Rme Petroleum Company, Railroad Commission of Texas operator number 714229.
- Where is CGU 16?
- CGU 16 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 182606.
- Is CGU 16 still producing?
- CGU 16 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for CGU 16 is August 2026.
- How much has CGU 16 produced?
- CGU 16 has reported 996,628 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2000 and August 2026, from 1 wellbore.
- How much is CGU 16 worth?
- The remaining production from CGU 16 is estimated to be worth about $10K in total as of 26 August 2026, within a range of $5K to $14K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CGU 16 is a fraction of it. The estimate fits an Arps decline curve to the production CGU 16 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CGU 16 is an estimate of value, not an offer and not an appraisal.
- How much income does CGU 16 generate in a year?
- CGU 16 is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CGU 16 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rme Petroleum Company |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 182606 |
| Wellbores | 1 |
| Reported production | 996,628 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $10K |
Where CGU 16 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.