FURRH, JAMES MADISON GAS UNIT
FURRH, JAMES MADISON GAS UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Penn Virginia Oil & Gas, L.P. It has 1 wellbore on file with the Commission. Reported production runs from June 2009 to August 2026, totalling 1,621,398 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 $132K, with roughly $20K 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 960 thousand cubic feet a month. Its strongest month on the record we hold was November 2018, at 8,510 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 FURRH, JAMES MADISON GAS UNIT
- Who operates FURRH, JAMES MADISON GAS UNIT?
- FURRH, JAMES MADISON GAS UNIT is operated by Penn Virginia Oil & Gas, L.P., Railroad Commission of Texas operator number 651780.
- Where is FURRH, JAMES MADISON GAS UNIT?
- FURRH, JAMES MADISON GAS UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 249115.
- Is FURRH, JAMES MADISON GAS UNIT still producing?
- FURRH, JAMES MADISON GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FURRH, JAMES MADISON GAS UNIT is August 2026.
- How much has FURRH, JAMES MADISON GAS UNIT produced?
- FURRH, JAMES MADISON GAS UNIT has reported 1,621,398 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2009 and August 2026, from 1 wellbore.
- How much is FURRH, JAMES MADISON GAS UNIT worth?
- The remaining production from FURRH, JAMES MADISON GAS UNIT is estimated to be worth about $132K in total as of 26 August 2026, within a range of $103K to $161K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FURRH, JAMES MADISON GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production FURRH, JAMES MADISON 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 FURRH, JAMES MADISON GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does FURRH, JAMES MADISON GAS UNIT generate in a year?
- FURRH, JAMES MADISON GAS UNIT is forecast to net about $20K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FURRH, JAMES MADISON GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penn Virginia Oil & Gas, L.P. |
|---|---|
| Field | Carthage, North (Bossier Shale) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 249115 |
| Wellbores | 1 |
| Reported production | 1,621,398 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $132K |
Where FURRH, JAMES MADISON 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.