PIRKLE, L.H. "C"

PIRKLE, L.H. "C" is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Classic Energy Incorporated. It has 1 wellbore on file with the Commission. Reported production runs from February 2005 to August 2026, totalling 1,170,090 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 a standard royalty share at about $4K, with roughly $970 expected over the next twelve months. Over the last twelve months on file it averaged 1,560 thousand cubic feet a month. Its strongest month on the record we hold was May 2018, at 3,515 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.

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.