METHODIST UNIT
METHODIST UNIT is a Texas oil lease in Cottle County, Railroad Commission district 8A, operated by Gunn Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from October 2021 to August 2026, totalling 24,440 barrels. 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 $894K, with roughly $172K 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 260 barrels a month. Its strongest month on the record we hold was December 2021, at 1,075 barrels. 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 METHODIST UNIT
- Who operates METHODIST UNIT?
- METHODIST UNIT is operated by Gunn Oil Company, Railroad Commission of Texas operator number 339493.
- Where is METHODIST UNIT?
- METHODIST UNIT is a Texas oil lease in Cottle County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71177.
- Is METHODIST UNIT still producing?
- METHODIST UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for METHODIST UNIT is August 2026.
- How much has METHODIST UNIT produced?
- METHODIST UNIT has reported 24,440 barrels of oil (bbl) to the Railroad Commission of Texas between October 2021 and August 2026, from 1 wellbore.
- How much is METHODIST UNIT worth?
- The remaining production from METHODIST UNIT is estimated to be worth about $894K in total as of 26 August 2026, within a range of $697K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in METHODIST UNIT is a fraction of it. The estimate fits an Arps decline curve to the production METHODIST UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for METHODIST UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does METHODIST UNIT generate in a year?
- METHODIST UNIT is forecast to net about $172K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in METHODIST UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gunn Oil Company |
|---|---|
| Field | Prothro (Canyon) |
| County | Cottle County, Texas |
| RRC district | 8A |
| Lease number | 71177 |
| Wellbores | 1 |
| Reported production | 24,440 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $894K |
Where METHODIST 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.