PRESTON SOUTH DEEP
PRESTON SOUTH DEEP is a Texas gas lease in Panola County, Railroad Commission district 06, operated by NFR Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2011 to August 2026, totalling 1,713,315 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 $15K, with roughly $10K 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 1,175 thousand cubic feet a month. Its strongest month on the record we hold was November 2016, at 29,476 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 PRESTON SOUTH DEEP
- Who operates PRESTON SOUTH DEEP?
- PRESTON SOUTH DEEP is operated by NFR Energy, LLC, Railroad Commission of Texas operator number 609261.
- Where is PRESTON SOUTH DEEP?
- PRESTON SOUTH DEEP is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 264361.
- Is PRESTON SOUTH DEEP still producing?
- PRESTON SOUTH DEEP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRESTON SOUTH DEEP is August 2026.
- How much has PRESTON SOUTH DEEP produced?
- PRESTON SOUTH DEEP has reported 1,713,315 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2011 and August 2026, from 1 wellbore.
- How much is PRESTON SOUTH DEEP worth?
- The remaining production from PRESTON SOUTH DEEP is estimated to be worth about $15K in total as of 26 August 2026, within a range of $12K to $17K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRESTON SOUTH DEEP is a fraction of it. The estimate fits an Arps decline curve to the production PRESTON SOUTH DEEP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PRESTON SOUTH DEEP is an estimate of value, not an offer and not an appraisal.
- How much income does PRESTON SOUTH DEEP generate in a year?
- PRESTON SOUTH DEEP is forecast to net about $10K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PRESTON SOUTH DEEP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | NFR Energy, LLC |
|---|---|
| Field | Carthage (Haynesville Shale) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 264361 |
| Wellbores | 1 |
| Reported production | 1,713,315 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $15K |
Where PRESTON SOUTH DEEP 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.