METCALF UNIT 1
METCALF UNIT 1 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Lacy Operations, Ltd. It has 1 wellbore on file with the Commission. Reported production runs from May 2008 to August 2026, totalling 1,148,371 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 $341K, with roughly $62K 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 2,141 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 7,940 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 METCALF UNIT 1
- Who operates METCALF UNIT 1?
- METCALF UNIT 1 is operated by Lacy Operations, Ltd., Railroad Commission of Texas operator number 480882.
- Where is METCALF UNIT 1?
- METCALF UNIT 1 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 236218.
- Is METCALF UNIT 1 still producing?
- METCALF UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for METCALF UNIT 1 is August 2026.
- How much has METCALF UNIT 1 produced?
- METCALF UNIT 1 has reported 1,148,371 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2008 and August 2026, from 1 wellbore.
- How much is METCALF UNIT 1 worth?
- The remaining production from METCALF UNIT 1 is estimated to be worth about $341K in total as of 26 August 2026, within a range of $283K to $399K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in METCALF UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production METCALF UNIT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for METCALF UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does METCALF UNIT 1 generate in a year?
- METCALF UNIT 1 is forecast to net about $62K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in METCALF UNIT 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lacy Operations, Ltd. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 236218 |
| Wellbores | 1 |
| Reported production | 1,148,371 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $341K |
Where METCALF UNIT 1 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.