PITTS
PITTS is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Indigo Minerals LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2015 to August 2026, totalling 5,820,977 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 $993K, with roughly $272K 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 10,229 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 195,248 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 PITTS
- Who operates PITTS?
- PITTS is operated by Indigo Minerals LLC, Railroad Commission of Texas operator number 423834.
- Where is PITTS?
- PITTS is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 277985.
- Is PITTS still producing?
- PITTS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PITTS is August 2026.
- How much has PITTS produced?
- PITTS has reported 5,820,977 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2015 and August 2026, from 1 wellbore.
- How much is PITTS worth?
- The remaining production from PITTS is estimated to be worth about $993K in total as of 26 August 2026, within a range of $814K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PITTS is a fraction of it. The estimate fits an Arps decline curve to the production PITTS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PITTS is an estimate of value, not an offer and not an appraisal.
- How much income does PITTS generate in a year?
- PITTS is forecast to net about $272K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PITTS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Indigo Minerals LLC |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 277985 |
| Wellbores | 1 |
| Reported production | 5,820,977 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $993K |
Where PITTS 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.