BIVINS GAS UNIT 1
BIVINS GAS UNIT 1 is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Valence Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from April 2008 to August 2026, totalling 1,068,869 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 $111K, with roughly $30K 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 1,326 thousand cubic feet a month. Its strongest month on the record we hold was June 2018, at 4,259 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 BIVINS GAS UNIT 1
- Who operates BIVINS GAS UNIT 1?
- BIVINS GAS UNIT 1 is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
- Where is BIVINS GAS UNIT 1?
- BIVINS GAS UNIT 1 is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 240179.
- Is BIVINS GAS UNIT 1 still producing?
- BIVINS GAS UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BIVINS GAS UNIT 1 is August 2026.
- How much has BIVINS GAS UNIT 1 produced?
- BIVINS GAS UNIT 1 has reported 1,068,869 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2008 and August 2026, from 1 wellbore.
- How much is BIVINS GAS UNIT 1 worth?
- The remaining production from BIVINS GAS UNIT 1 is estimated to be worth about $111K in total as of 26 August 2026, within a range of $92K to $130K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BIVINS GAS UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production BIVINS GAS 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 BIVINS GAS UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does BIVINS GAS UNIT 1 generate in a year?
- BIVINS GAS UNIT 1 is forecast to net about $30K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BIVINS GAS UNIT 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valence Operating Company |
|---|---|
| Field | Oak Hill (Cotton Valley) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 240179 |
| Wellbores | 1 |
| Reported production | 1,068,869 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $111K |
Where BIVINS GAS 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.