WEST CLAYTON GAS UNIT
WEST CLAYTON GAS UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Preston Exploration LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2006 to August 2026, totalling 859,369 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 $211K, with roughly $32K 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 1,834 thousand cubic feet a month. Its strongest month on the record we hold was July 2025, at 3,521 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 WEST CLAYTON GAS UNIT
- Who operates WEST CLAYTON GAS UNIT?
- WEST CLAYTON GAS UNIT is operated by Preston Exploration LLC, Railroad Commission of Texas operator number 676133.
- Where is WEST CLAYTON GAS UNIT?
- WEST CLAYTON GAS UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 221858.
- Is WEST CLAYTON GAS UNIT still producing?
- WEST CLAYTON GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WEST CLAYTON GAS UNIT is August 2026.
- How much has WEST CLAYTON GAS UNIT produced?
- WEST CLAYTON GAS UNIT has reported 859,369 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2006 and August 2026, from 1 wellbore.
- How much is WEST CLAYTON GAS UNIT worth?
- The remaining production from WEST CLAYTON GAS UNIT is estimated to be worth about $211K in total as of 26 August 2026, within a range of $176K to $247K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WEST CLAYTON GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WEST CLAYTON GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WEST CLAYTON GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WEST CLAYTON GAS UNIT generate in a year?
- WEST CLAYTON GAS UNIT is forecast to net about $32K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WEST CLAYTON GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Preston Exploration LLC |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 221858 |
| Wellbores | 1 |
| Reported production | 859,369 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $211K |
Where WEST CLAYTON GAS UNIT 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.