WILCOTS, S.W. GAS UNIT
WILCOTS, S.W. 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 August 2006 to August 2026, totalling 768,169 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 $15K, with roughly $2K 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 87 thousand cubic feet a month. Its strongest month on the record we hold was May 2018, at 808 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 WILCOTS, S.W. GAS UNIT
- Who operates WILCOTS, S.W. GAS UNIT?
- WILCOTS, S.W. GAS UNIT is operated by Preston Exploration LLC, Railroad Commission of Texas operator number 676133.
- Where is WILCOTS, S.W. GAS UNIT?
- WILCOTS, S.W. GAS UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 223755.
- Is WILCOTS, S.W. GAS UNIT still producing?
- WILCOTS, S.W. GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WILCOTS, S.W. GAS UNIT is August 2026.
- How much has WILCOTS, S.W. GAS UNIT produced?
- WILCOTS, S.W. GAS UNIT has reported 768,169 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2006 and August 2026, from 1 wellbore.
- How much is WILCOTS, S.W. GAS UNIT worth?
- The remaining production from WILCOTS, S.W. GAS UNIT is estimated to be worth about $15K in total as of 26 August 2026, within a range of $8K to $22K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WILCOTS, S.W. GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WILCOTS, S.W. 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 WILCOTS, S.W. GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WILCOTS, S.W. GAS UNIT generate in a year?
- WILCOTS, S.W. GAS UNIT is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WILCOTS, S.W. 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 | 223755 |
| Wellbores | 1 |
| Reported production | 768,169 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $15K |
Where WILCOTS, S.W. 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.