CARTHAGE GAS UNIT 7
CARTHAGE GAS UNIT 7 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by BP America Production Company. It has 1 wellbore on file with the Commission. Reported production runs from April 2002 to August 2026, totalling 1,047,708 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 $403K, with roughly $86K 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 2,909 thousand cubic feet a month. Its strongest month on the record we hold was June 2020, at 4,873 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 CARTHAGE GAS UNIT 7
- Who operates CARTHAGE GAS UNIT 7?
- CARTHAGE GAS UNIT 7 is operated by BP America Production Company, Railroad Commission of Texas operator number 040798.
- Where is CARTHAGE GAS UNIT 7?
- CARTHAGE GAS UNIT 7 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 196587.
- Is CARTHAGE GAS UNIT 7 still producing?
- CARTHAGE GAS UNIT 7 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CARTHAGE GAS UNIT 7 is August 2026.
- How much has CARTHAGE GAS UNIT 7 produced?
- CARTHAGE GAS UNIT 7 has reported 1,047,708 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2002 and August 2026, from 1 wellbore.
- How much is CARTHAGE GAS UNIT 7 worth?
- The remaining production from CARTHAGE GAS UNIT 7 is estimated to be worth about $403K in total as of 26 August 2026, within a range of $335K to $472K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CARTHAGE GAS UNIT 7 is a fraction of it. The estimate fits an Arps decline curve to the production CARTHAGE GAS UNIT 7 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CARTHAGE GAS UNIT 7 is an estimate of value, not an offer and not an appraisal.
- How much income does CARTHAGE GAS UNIT 7 generate in a year?
- CARTHAGE GAS UNIT 7 is forecast to net about $86K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CARTHAGE GAS UNIT 7 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | BP America Production Company |
|---|---|
| Field | Carthage (Pettit, Upper) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 196587 |
| Wellbores | 1 |
| Reported production | 1,047,708 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $403K |
Where CARTHAGE GAS UNIT 7 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.