GARNET UNIT
GARNET UNIT is a Texas gas lease in Fayette County, Railroad Commission district 03, operated by Geosouthern Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from February 1995 to August 2026, totalling 4,016,235 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 $258K, 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 2,461 thousand cubic feet a month. Its strongest month on the record we hold was August 2025, at 6,484 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 GARNET UNIT
- Who operates GARNET UNIT?
- GARNET UNIT is operated by Geosouthern Energy Corporation, Railroad Commission of Texas operator number 301287.
- Where is GARNET UNIT?
- GARNET UNIT is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 154386.
- Is GARNET UNIT still producing?
- GARNET UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GARNET UNIT is August 2026.
- How much has GARNET UNIT produced?
- GARNET UNIT has reported 4,016,235 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 1995 and August 2026, from 1 wellbore.
- How much is GARNET UNIT worth?
- The remaining production from GARNET UNIT is estimated to be worth about $258K in total as of 26 August 2026, within a range of $215K to $302K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GARNET UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GARNET UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GARNET UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GARNET UNIT generate in a year?
- GARNET 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 GARNET UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Geosouthern Energy Corporation |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 154386 |
| Wellbores | 1 |
| Reported production | 4,016,235 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $258K |
Where GARNET 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.