PENNA-J-BAKER
PENNA-J-BAKER is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Chevron U. S. A. Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2021 to August 2026, totalling 2,388,505 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 $3.3M, with roughly $599K 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 28,151 thousand cubic feet a month. Its strongest month on the record we hold was December 2021, at 94,546 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 PENNA-J-BAKER
- Who operates PENNA-J-BAKER?
- PENNA-J-BAKER is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is PENNA-J-BAKER?
- PENNA-J-BAKER is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 291881.
- Is PENNA-J-BAKER still producing?
- PENNA-J-BAKER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PENNA-J-BAKER is August 2026.
- How much has PENNA-J-BAKER produced?
- PENNA-J-BAKER has reported 2,388,505 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2021 and August 2026, from 1 wellbore.
- How much is PENNA-J-BAKER worth?
- The remaining production from PENNA-J-BAKER is estimated to be worth about $3.3M in total as of 26 August 2026, within a range of $2.7M to $3.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PENNA-J-BAKER is a fraction of it. The estimate fits an Arps decline curve to the production PENNA-J-BAKER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PENNA-J-BAKER is an estimate of value, not an offer and not an appraisal.
- How much income does PENNA-J-BAKER generate in a year?
- PENNA-J-BAKER is forecast to net about $599K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PENNA-J-BAKER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 291881 |
| Wellbores | 1 |
| Reported production | 2,388,505 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.3M |
Where PENNA-J-BAKER 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.