CGU 24
CGU 24 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 July 2001 to August 2026, totalling 2,047,133 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 $325K, with roughly $49K 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 2,424 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 5,560 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 CGU 24
- Who operates CGU 24?
- CGU 24 is operated by Rme Petroleum Company, Railroad Commission of Texas operator number 714229.
- Where is CGU 24?
- CGU 24 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 186557.
- Is CGU 24 still producing?
- CGU 24 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CGU 24 is August 2026.
- How much has CGU 24 produced?
- CGU 24 has reported 2,047,133 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between July 2001 and August 2026, from 1 wellbore.
- How much is CGU 24 worth?
- The remaining production from CGU 24 is estimated to be worth about $325K in total as of 26 August 2026, within a range of $269K to $380K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CGU 24 is a fraction of it. The estimate fits an Arps decline curve to the production CGU 24 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CGU 24 is an estimate of value, not an offer and not an appraisal.
- How much income does CGU 24 generate in a year?
- CGU 24 is forecast to net about $49K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CGU 24 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 | 186557 |
| Wellbores | 1 |
| Reported production | 2,047,133 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $325K |
Where CGU 24 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.