THOMAS & WOOD
THOMAS & WOOD is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Exxon Mobil Corporation. It has 1 wellbore on file with the Commission. Reported production runs from August 2008 to August 2026, totalling 709,215 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 $76K, with roughly $24K 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 1,352 thousand cubic feet a month. Its strongest month on the record we hold was October 2017, at 2,986 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 THOMAS & WOOD
- Who operates THOMAS & WOOD?
- THOMAS & WOOD is operated by Exxon Mobil Corporation, Railroad Commission of Texas operator number 257128.
- Where is THOMAS & WOOD?
- THOMAS & WOOD is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 240594.
- Is THOMAS & WOOD still producing?
- THOMAS & WOOD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for THOMAS & WOOD is August 2026.
- How much has THOMAS & WOOD produced?
- THOMAS & WOOD has reported 709,215 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2008 and August 2026, from 1 wellbore.
- How much is THOMAS & WOOD worth?
- The remaining production from THOMAS & WOOD is estimated to be worth about $76K in total as of 27 August 2026, within a range of $63K to $89K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in THOMAS & WOOD is a fraction of it. The estimate fits an Arps decline curve to the production THOMAS & WOOD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for THOMAS & WOOD is an estimate of value, not an offer and not an appraisal.
- How much income does THOMAS & WOOD generate in a year?
- THOMAS & WOOD is forecast to net about $24K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in THOMAS & WOOD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Exxon Mobil Corporation |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 240594 |
| Wellbores | 1 |
| Reported production | 709,215 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $76K |
Where THOMAS & WOOD 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.