CLASSIC OAKS UNIT
CLASSIC OAKS UNIT is a Texas gas lease in Johnson County, Railroad Commission district 09, operated by Encana Oil & Gas(USA) Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2007 to August 2026, totalling 2,258,204 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 $425K, with roughly $86K 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 3,578 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 8,465 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 CLASSIC OAKS UNIT
- Who operates CLASSIC OAKS UNIT?
- CLASSIC OAKS UNIT is operated by Encana Oil & Gas(USA) Inc., Railroad Commission of Texas operator number 251691.
- Where is CLASSIC OAKS UNIT?
- CLASSIC OAKS UNIT is a Texas gas lease in Johnson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 227829.
- Is CLASSIC OAKS UNIT still producing?
- CLASSIC OAKS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CLASSIC OAKS UNIT is August 2026.
- How much has CLASSIC OAKS UNIT produced?
- CLASSIC OAKS UNIT has reported 2,258,204 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2007 and August 2026, from 1 wellbore.
- How much is CLASSIC OAKS UNIT worth?
- The remaining production from CLASSIC OAKS UNIT is estimated to be worth about $425K in total as of 26 August 2026, within a range of $353K to $497K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CLASSIC OAKS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CLASSIC OAKS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CLASSIC OAKS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CLASSIC OAKS UNIT generate in a year?
- CLASSIC OAKS UNIT is forecast to net about $86K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CLASSIC OAKS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Encana Oil & Gas(USA) Inc. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Johnson County, Texas |
| RRC district | 09 |
| Lease number | 227829 |
| Wellbores | 1 |
| Reported production | 2,258,204 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $425K |
Where CLASSIC OAKS 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.