RHODES
RHODES is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Valence Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2012 to August 2026, totalling 1,300,118 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 $698K, with roughly $136K 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 4,321 thousand cubic feet a month. Its strongest month on the record we hold was December 2016, at 10,445 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 RHODES
- Who operates RHODES?
- RHODES is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
- Where is RHODES?
- RHODES is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 267798.
- Is RHODES still producing?
- RHODES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RHODES is August 2026.
- How much has RHODES produced?
- RHODES has reported 1,300,118 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2012 and August 2026, from 1 wellbore.
- How much is RHODES worth?
- The remaining production from RHODES is estimated to be worth about $698K in total as of 26 August 2026, within a range of $579K to $817K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RHODES is a fraction of it. The estimate fits an Arps decline curve to the production RHODES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RHODES is an estimate of value, not an offer and not an appraisal.
- How much income does RHODES generate in a year?
- RHODES is forecast to net about $136K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RHODES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valence Operating Company |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 267798 |
| Wellbores | 1 |
| Reported production | 1,300,118 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $698K |
Where RHODES 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.