BUZZARD NORTH 6972
BUZZARD NORTH 6972 is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by PDC Permian, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2021 to August 2026, totalling 1,313,440 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 $2.5M, with roughly $1.0M 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 7,828 thousand cubic feet a month. Its strongest month on the record we hold was July 2021, at 73,144 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 BUZZARD NORTH 6972
- Who operates BUZZARD NORTH 6972?
- BUZZARD NORTH 6972 is operated by PDC Permian, Inc., Railroad Commission of Texas operator number 646832.
- Where is BUZZARD NORTH 6972?
- BUZZARD NORTH 6972 is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 291817.
- Is BUZZARD NORTH 6972 still producing?
- BUZZARD NORTH 6972 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BUZZARD NORTH 6972 is August 2026.
- How much has BUZZARD NORTH 6972 produced?
- BUZZARD NORTH 6972 has reported 1,313,440 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2021 and August 2026, from 1 wellbore.
- How much is BUZZARD NORTH 6972 worth?
- The remaining production from BUZZARD NORTH 6972 is estimated to be worth about $2.5M in total as of 26 August 2026, within a range of $2.1M to $2.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BUZZARD NORTH 6972 is a fraction of it. The estimate fits an Arps decline curve to the production BUZZARD NORTH 6972 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BUZZARD NORTH 6972 is an estimate of value, not an offer and not an appraisal.
- How much income does BUZZARD NORTH 6972 generate in a year?
- BUZZARD NORTH 6972 is forecast to net about $1.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BUZZARD NORTH 6972 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | PDC Permian, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 291817 |
| Wellbores | 1 |
| Reported production | 1,313,440 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.5M |
Where BUZZARD NORTH 6972 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.