COLEMAN, M.J.
COLEMAN, M.J. is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Classic Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2003 to August 2026, totalling 1,582,854 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 $382K, with roughly $61K 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 2,455 thousand cubic feet a month. Its strongest month on the record we hold was October 2016, at 3,597 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 COLEMAN, M.J.
- Who operates COLEMAN, M.J.?
- COLEMAN, M.J. is operated by Classic Oil & Gas, Inc., Railroad Commission of Texas operator number 158286.
- Where is COLEMAN, M.J.?
- COLEMAN, M.J. is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 198631.
- Is COLEMAN, M.J. still producing?
- COLEMAN, M.J. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLEMAN, M.J. is August 2026.
- How much has COLEMAN, M.J. produced?
- COLEMAN, M.J. has reported 1,582,854 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2003 and August 2026, from 1 wellbore.
- How much is COLEMAN, M.J. worth?
- The remaining production from COLEMAN, M.J. is estimated to be worth about $382K in total as of 26 August 2026, within a range of $317K to $447K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLEMAN, M.J. is a fraction of it. The estimate fits an Arps decline curve to the production COLEMAN, M.J. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLEMAN, M.J. is an estimate of value, not an offer and not an appraisal.
- How much income does COLEMAN, M.J. generate in a year?
- COLEMAN, M.J. is forecast to net about $61K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COLEMAN, M.J. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Classic Oil & Gas, Inc. |
|---|---|
| Field | Carthage, S. (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 198631 |
| Wellbores | 1 |
| Reported production | 1,582,854 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $382K |
Where COLEMAN, M.J. 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.