HERRIN, MARGARET
HERRIN, MARGARET is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Penn Virginia Oil & Gas, L.P. It has 1 wellbore on file with the Commission. Reported production runs from December 2006 to August 2026, totalling 467,973 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 $75K, with roughly $12K 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 671 thousand cubic feet a month. Its strongest month on the record we hold was July 2021, at 1,622 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 HERRIN, MARGARET
- Who operates HERRIN, MARGARET?
- HERRIN, MARGARET is operated by Penn Virginia Oil & Gas, L.P., Railroad Commission of Texas operator number 651780.
- Where is HERRIN, MARGARET?
- HERRIN, MARGARET is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 226533.
- Is HERRIN, MARGARET still producing?
- HERRIN, MARGARET is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HERRIN, MARGARET is August 2026.
- How much has HERRIN, MARGARET produced?
- HERRIN, MARGARET has reported 467,973 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2006 and August 2026, from 1 wellbore.
- How much is HERRIN, MARGARET worth?
- The remaining production from HERRIN, MARGARET is estimated to be worth about $75K in total as of 26 August 2026, within a range of $59K to $92K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HERRIN, MARGARET is a fraction of it. The estimate fits an Arps decline curve to the production HERRIN, MARGARET has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HERRIN, MARGARET is an estimate of value, not an offer and not an appraisal.
- How much income does HERRIN, MARGARET generate in a year?
- HERRIN, MARGARET is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HERRIN, MARGARET receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penn Virginia Oil & Gas, L.P. |
|---|---|
| Field | Carthage, North (Cotton Valley) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 226533 |
| Wellbores | 1 |
| Reported production | 467,973 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $75K |
Where HERRIN, MARGARET 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.