PANDA UNIT
PANDA UNIT is a Texas gas lease in Culberson County, Railroad Commission district 08, operated by Conocophillips Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2013 to August 2026, totalling 1,757,736 thousand cubic feet. The lease is intermittent. 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 $323K, with roughly $60K 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 100 thousand cubic feet a month. Its strongest month on the record we hold was October 2016, at 34,646 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 PANDA UNIT
- Who operates PANDA UNIT?
- PANDA UNIT is operated by Conocophillips Company, Railroad Commission of Texas operator number 172232.
- Where is PANDA UNIT?
- PANDA UNIT is a Texas gas lease in Culberson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 273995.
- Is PANDA UNIT still producing?
- PANDA UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PANDA UNIT is August 2026.
- How much has PANDA UNIT produced?
- PANDA UNIT has reported 1,757,736 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2013 and August 2026, from 1 wellbore.
- How much is PANDA UNIT worth?
- The remaining production from PANDA UNIT is estimated to be worth about $323K in total as of 26 August 2026, within a range of $178K to $469K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PANDA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PANDA UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PANDA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PANDA UNIT generate in a year?
- PANDA UNIT is forecast to net about $60K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PANDA UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conocophillips Company |
|---|---|
| Field | Ford, West (Wolfcamp) |
| County | Culberson County, Texas |
| RRC district | 08 |
| Lease number | 273995 |
| Wellbores | 1 |
| Reported production | 1,757,736 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $323K |
Where PANDA 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.