GULLEY GAS UNIT NO. 1
GULLEY GAS UNIT NO. 1 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 May 2007 to August 2026, totalling 309,742 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 a standard royalty share at about $1K, with roughly $170 expected over the next twelve months.
| Operator | Penn Virginia Oil & Gas, L.P. |
|---|---|
| Field | Carthage, North (Cotton Valley) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 229042 |
| Wellbores | 1 |
| Reported production | 309,742 mcf |
| First reported | May 2007 |
| Last reported | August 2026 |
| Estimated royalty value | $1K |
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.