GALES, WILEY
GALES, WILEY is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from August 2008 to August 2026, totalling 558,430 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 $362K, with roughly $110K 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 1,041 thousand cubic feet a month. Its strongest month on the record we hold was January 2026, at 3,385 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 GALES, WILEY
- Who operates GALES, WILEY?
- GALES, WILEY is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is GALES, WILEY?
- GALES, WILEY is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 242893.
- Is GALES, WILEY still producing?
- GALES, WILEY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GALES, WILEY is August 2026.
- How much has GALES, WILEY produced?
- GALES, WILEY has reported 558,430 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2008 and August 2026, from 1 wellbore.
- How much is GALES, WILEY worth?
- The remaining production from GALES, WILEY is estimated to be worth about $362K in total as of 26 August 2026, within a range of $300K to $423K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GALES, WILEY is a fraction of it. The estimate fits an Arps decline curve to the production GALES, WILEY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GALES, WILEY is an estimate of value, not an offer and not an appraisal.
- How much income does GALES, WILEY generate in a year?
- GALES, WILEY is forecast to net about $110K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GALES, WILEY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Carthage, North (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 242893 |
| Wellbores | 1 |
| Reported production | 558,430 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $362K |
Where GALES, WILEY 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.