BIVINS UNIT
BIVINS UNIT is a Texas gas lease in Potter County, Railroad Commission district 10, operated by Seagull Energy E&P Inc. It has 1 wellbore on file with the Commission. Reported production runs from August 1998 to August 2026, totalling 186,829 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 $67K, with roughly $10K 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 240 thousand cubic feet a month. Its strongest month on the record we hold was March 2020, at 4,904 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 BIVINS UNIT
- Who operates BIVINS UNIT?
- BIVINS UNIT is operated by Seagull Energy E&P Inc., Railroad Commission of Texas operator number 761701.
- Where is BIVINS UNIT?
- BIVINS UNIT is a Texas gas lease in Potter County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 170832.
- Is BIVINS UNIT still producing?
- BIVINS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BIVINS UNIT is August 2026.
- How much has BIVINS UNIT produced?
- BIVINS UNIT has reported 186,829 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 1998 and August 2026, from 1 wellbore.
- How much is BIVINS UNIT worth?
- The remaining production from BIVINS UNIT is estimated to be worth about $67K in total as of 27 August 2026, within a range of $52K to $82K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BIVINS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production BIVINS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BIVINS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does BIVINS UNIT generate in a year?
- BIVINS UNIT is forecast to net about $10K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BIVINS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Seagull Energy E&P Inc. |
|---|---|
| Field | Panhandle, West (Red Cave) |
| County | Potter County, Texas |
| RRC district | 10 |
| Lease number | 170832 |
| Wellbores | 1 |
| Reported production | 186,829 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $67K |
Where BIVINS 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.