PRESTON HEIRS UNIT
PRESTON HEIRS UNIT is a Texas gas lease in Angelina County, Railroad Commission district 06, operated by Encana Oil & Gas(USA) Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2007 to August 2026, totalling 2,253,347 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 $318K, with roughly $56K 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 2,585 thousand cubic feet a month. Its strongest month on the record we hold was November 2016, at 8,795 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 PRESTON HEIRS UNIT
- Who operates PRESTON HEIRS UNIT?
- PRESTON HEIRS UNIT is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is PRESTON HEIRS UNIT?
- PRESTON HEIRS UNIT is a Texas gas lease in Angelina County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 234932.
- Is PRESTON HEIRS UNIT still producing?
- PRESTON HEIRS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON HEIRS UNIT is August 2026.
- How much has PRESTON HEIRS UNIT produced?
- PRESTON HEIRS UNIT has reported 2,253,347 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2007 and August 2026, from 1 wellbore.
- How much is PRESTON HEIRS UNIT worth?
- The remaining production from PRESTON HEIRS UNIT is estimated to be worth about $318K in total as of 26 August 2026, within a range of $264K to $372K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON HEIRS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON HEIRS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON HEIRS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON HEIRS UNIT generate in a year?
- PRESTON HEIRS UNIT is forecast to net about $56K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRESTON HEIRS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Encana Oil & Gas(USA) Inc. |
|---|---|
| Field | Raintree (Hosston) |
| County | Angelina County, Texas |
| RRC district | 06 |
| Lease number | 234932 |
| Wellbores | 1 |
| Reported production | 2,253,347 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $318K |
Where PRESTON HEIRS 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.