EASTMAN CHEMICAL COMPANY GU 2
EASTMAN CHEMICAL COMPANY GU 2 is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Craton Energy Company II LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2006 to August 2026, totalling 328,243 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 $7K, with roughly $4K 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 571 thousand cubic feet a month. Its strongest month on the record we hold was May 2025, at 2,126 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 EASTMAN CHEMICAL COMPANY GU 2
- Who operates EASTMAN CHEMICAL COMPANY GU 2?
- EASTMAN CHEMICAL COMPANY GU 2 is operated by Craton Energy Company II LLC, Railroad Commission of Texas operator number 186206.
- Where is EASTMAN CHEMICAL COMPANY GU 2?
- EASTMAN CHEMICAL COMPANY GU 2 is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 224198.
- Is EASTMAN CHEMICAL COMPANY GU 2 still producing?
- EASTMAN CHEMICAL COMPANY GU 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EASTMAN CHEMICAL COMPANY GU 2 is August 2026.
- How much has EASTMAN CHEMICAL COMPANY GU 2 produced?
- EASTMAN CHEMICAL COMPANY GU 2 has reported 328,243 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2006 and August 2026, from 1 wellbore.
- How much is EASTMAN CHEMICAL COMPANY GU 2 worth?
- The remaining production from EASTMAN CHEMICAL COMPANY GU 2 is estimated to be worth about $7K in total as of 26 August 2026, within a range of $5K to $8K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EASTMAN CHEMICAL COMPANY GU 2 is a fraction of it. The estimate fits an Arps decline curve to the production EASTMAN CHEMICAL COMPANY GU 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EASTMAN CHEMICAL COMPANY GU 2 is an estimate of value, not an offer and not an appraisal.
- How much income does EASTMAN CHEMICAL COMPANY GU 2 generate in a year?
- EASTMAN CHEMICAL COMPANY GU 2 is forecast to net about $4K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in EASTMAN CHEMICAL COMPANY GU 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Craton Energy Company II LLC |
|---|---|
| Field | Oak Hill (Cotton Valley) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 224198 |
| Wellbores | 1 |
| Reported production | 328,243 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $7K |
Where EASTMAN CHEMICAL COMPANY GU 2 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.