GROGAN-VEACH UNIT
GROGAN-VEACH UNIT is a Texas gas lease in Marion County, Railroad Commission district 06, operated by Fair Oil, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from June 2006 to August 2026, totalling 377,758 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 $291K, with roughly $52K 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 1,123 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 2,141 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 GROGAN-VEACH UNIT
- Who operates GROGAN-VEACH UNIT?
- GROGAN-VEACH UNIT is operated by Fair Oil, Ltd., Railroad Commission of Texas operator number 258410.
- Where is GROGAN-VEACH UNIT?
- GROGAN-VEACH UNIT is a Texas gas lease in Marion County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 223021.
- Is GROGAN-VEACH UNIT still producing?
- GROGAN-VEACH UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GROGAN-VEACH UNIT is August 2026.
- How much has GROGAN-VEACH UNIT produced?
- GROGAN-VEACH UNIT has reported 377,758 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2006 and August 2026, from 1 wellbore.
- How much is GROGAN-VEACH UNIT worth?
- The remaining production from GROGAN-VEACH UNIT is estimated to be worth about $291K in total as of 27 August 2026, within a range of $241K to $340K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GROGAN-VEACH UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GROGAN-VEACH UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GROGAN-VEACH UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GROGAN-VEACH UNIT generate in a year?
- GROGAN-VEACH UNIT is forecast to net about $52K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GROGAN-VEACH UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fair Oil, Ltd. |
|---|---|
| Field | Green Fox (Smith) |
| County | Marion County, Texas |
| RRC district | 06 |
| Lease number | 223021 |
| Wellbores | 1 |
| Reported production | 377,758 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $291K |
Where GROGAN-VEACH 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.