SOUTH BLUE GAS UNIT
SOUTH BLUE GAS UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Preston Exploration LLC. It has 1 wellbore on file with the Commission. Reported production runs from December 2008 to August 2026, totalling 1,341,694 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 $150K, with roughly $54K 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 3,083 thousand cubic feet a month. Its strongest month on the record we hold was December 2025, at 5,379 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 SOUTH BLUE GAS UNIT
- Who operates SOUTH BLUE GAS UNIT?
- SOUTH BLUE GAS UNIT is operated by Preston Exploration LLC, Railroad Commission of Texas operator number 676133.
- Where is SOUTH BLUE GAS UNIT?
- SOUTH BLUE GAS UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 244565.
- Is SOUTH BLUE GAS UNIT still producing?
- SOUTH BLUE GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SOUTH BLUE GAS UNIT is August 2026.
- How much has SOUTH BLUE GAS UNIT produced?
- SOUTH BLUE GAS UNIT has reported 1,341,694 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2008 and August 2026, from 1 wellbore.
- How much is SOUTH BLUE GAS UNIT worth?
- The remaining production from SOUTH BLUE GAS UNIT is estimated to be worth about $150K in total as of 26 August 2026, within a range of $124K to $175K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SOUTH BLUE GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SOUTH BLUE GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SOUTH BLUE GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SOUTH BLUE GAS UNIT generate in a year?
- SOUTH BLUE GAS UNIT is forecast to net about $54K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SOUTH BLUE GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Preston Exploration LLC |
|---|---|
| Field | Beckville (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 244565 |
| Wellbores | 1 |
| Reported production | 1,341,694 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $150K |
Where SOUTH BLUE GAS 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.