SOUTH GARY GAS UNIT 2
SOUTH GARY GAS UNIT 2 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Anadarko E&P Company LP. It has 1 wellbore on file with the Commission. Reported production runs from March 2009 to August 2026, totalling 494,024 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 $35K, with roughly $5K 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 468 thousand cubic feet a month. Its strongest month on the record we hold was January 2019, at 3,492 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 GARY GAS UNIT 2
- Who operates SOUTH GARY GAS UNIT 2?
- SOUTH GARY GAS UNIT 2 is operated by Anadarko E&P Company LP, Railroad Commission of Texas operator number 020542.
- Where is SOUTH GARY GAS UNIT 2?
- SOUTH GARY GAS UNIT 2 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 246739.
- Is SOUTH GARY GAS UNIT 2 still producing?
- SOUTH GARY GAS UNIT 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SOUTH GARY GAS UNIT 2 is August 2026.
- How much has SOUTH GARY GAS UNIT 2 produced?
- SOUTH GARY GAS UNIT 2 has reported 494,024 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2009 and August 2026, from 1 wellbore.
- How much is SOUTH GARY GAS UNIT 2 worth?
- The remaining production from SOUTH GARY GAS UNIT 2 is estimated to be worth about $35K in total as of 26 August 2026, within a range of $27K to $43K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SOUTH GARY GAS UNIT 2 is a fraction of it. The estimate fits an Arps decline curve to the production SOUTH GARY GAS UNIT 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SOUTH GARY GAS UNIT 2 is an estimate of value, not an offer and not an appraisal.
- How much income does SOUTH GARY GAS UNIT 2 generate in a year?
- SOUTH GARY GAS UNIT 2 is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SOUTH GARY GAS UNIT 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Anadarko E&P Company LP |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 246739 |
| Wellbores | 1 |
| Reported production | 494,024 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $35K |
Where SOUTH GARY GAS UNIT 2 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.