NEEDLES 39 UNIT
NEEDLES 39 UNIT is a Texas gas lease in Culberson County, Railroad Commission district 08, operated by Coterra Energy Operating Co. It has 1 wellbore on file with the Commission. Reported production runs from August 2025 to August 2026, totalling 698,763 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 $503K, with roughly $507K 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 75,067 thousand cubic feet a month. Its strongest month on the record we hold was September 2025, at 212,426 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 NEEDLES 39 UNIT
- Who operates NEEDLES 39 UNIT?
- NEEDLES 39 UNIT is operated by Coterra Energy Operating Co., Railroad Commission of Texas operator number 103285.
- Where is NEEDLES 39 UNIT?
- NEEDLES 39 UNIT is a Texas gas lease in Culberson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 300466.
- Is NEEDLES 39 UNIT still producing?
- NEEDLES 39 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEEDLES 39 UNIT is August 2026.
- How much has NEEDLES 39 UNIT produced?
- NEEDLES 39 UNIT has reported 698,763 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2025 and August 2026, from 1 wellbore.
- How much is NEEDLES 39 UNIT worth?
- The remaining production from NEEDLES 39 UNIT is estimated to be worth about $503K in total as of 26 August 2026, within a range of $412K to $593K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEEDLES 39 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NEEDLES 39 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEEDLES 39 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NEEDLES 39 UNIT generate in a year?
- NEEDLES 39 UNIT is forecast to net about $507K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEEDLES 39 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Coterra Energy Operating Co. |
|---|---|
| Field | Ford, West (Wolfcamp) |
| County | Culberson County, Texas |
| RRC district | 08 |
| Lease number | 300466 |
| Wellbores | 1 |
| Reported production | 698,763 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $503K |
Where NEEDLES 39 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.