NICHOLAS NO. 1 GAS UNIT
NICHOLAS NO. 1 GAS UNIT is a Texas gas lease in Rusk County, Railroad Commission district 06, operated by Sabine Oil & Gas Corporation. It has 1 wellbore on file with the Commission. Reported production runs from June 2015 to August 2026, totalling 5,396,486 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 $943K, with roughly $240K 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 10,968 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 82,645 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 NICHOLAS NO. 1 GAS UNIT
- Who operates NICHOLAS NO. 1 GAS UNIT?
- NICHOLAS NO. 1 GAS UNIT is operated by Sabine Oil & Gas Corporation, Railroad Commission of Texas operator number 742143.
- Where is NICHOLAS NO. 1 GAS UNIT?
- NICHOLAS NO. 1 GAS UNIT is a Texas gas lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 279255.
- Is NICHOLAS NO. 1 GAS UNIT still producing?
- NICHOLAS NO. 1 GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NICHOLAS NO. 1 GAS UNIT is August 2026.
- How much has NICHOLAS NO. 1 GAS UNIT produced?
- NICHOLAS NO. 1 GAS UNIT has reported 5,396,486 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2015 and August 2026, from 1 wellbore.
- How much is NICHOLAS NO. 1 GAS UNIT worth?
- The remaining production from NICHOLAS NO. 1 GAS UNIT is estimated to be worth about $943K in total as of 26 August 2026, within a range of $773K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NICHOLAS NO. 1 GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NICHOLAS NO. 1 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 NICHOLAS NO. 1 GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NICHOLAS NO. 1 GAS UNIT generate in a year?
- NICHOLAS NO. 1 GAS UNIT is forecast to net about $240K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NICHOLAS NO. 1 GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sabine Oil & Gas Corporation |
|---|---|
| Field | Henderson, E. (Cotton Valley) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 279255 |
| Wellbores | 1 |
| Reported production | 5,396,486 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $943K |
Where NICHOLAS NO. 1 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.