BURNETT UNIT 11
BURNETT UNIT 11 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Lacy Operations, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from April 2004 to August 2026, totalling 1,341,085 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 $319K, with roughly $53K 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 1,559 thousand cubic feet a month. Its strongest month on the record we hold was June 2016, at 3,622 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 BURNETT UNIT 11
- Who operates BURNETT UNIT 11?
- BURNETT UNIT 11 is operated by Lacy Operations, Ltd., Railroad Commission of Texas operator number 480882.
- Where is BURNETT UNIT 11?
- BURNETT UNIT 11 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 201609.
- Is BURNETT UNIT 11 still producing?
- BURNETT UNIT 11 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BURNETT UNIT 11 is August 2026.
- How much has BURNETT UNIT 11 produced?
- BURNETT UNIT 11 has reported 1,341,085 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2004 and August 2026, from 1 wellbore.
- How much is BURNETT UNIT 11 worth?
- The remaining production from BURNETT UNIT 11 is estimated to be worth about $319K in total as of 26 August 2026, within a range of $264K to $373K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BURNETT UNIT 11 is a fraction of it. The estimate fits an Arps decline curve to the production BURNETT UNIT 11 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BURNETT UNIT 11 is an estimate of value, not an offer and not an appraisal.
- How much income does BURNETT UNIT 11 generate in a year?
- BURNETT UNIT 11 is forecast to net about $53K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BURNETT UNIT 11 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lacy Operations, Ltd. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 201609 |
| Wellbores | 1 |
| Reported production | 1,341,085 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $319K |
Where BURNETT UNIT 11 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.