CAPPS NO. 1 GAS UNIT
CAPPS NO. 1 GAS UNIT is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Marathon Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,106,606 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 $248K, with roughly $38K 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 1,516 thousand cubic feet a month. Its strongest month on the record we hold was December 2016, at 4,144 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 CAPPS NO. 1 GAS UNIT
- Who operates CAPPS NO. 1 GAS UNIT?
- CAPPS NO. 1 GAS UNIT is operated by Marathon Oil Company, Railroad Commission of Texas operator number 525380.
- Where is CAPPS NO. 1 GAS UNIT?
- CAPPS NO. 1 GAS UNIT is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 091953.
- Is CAPPS NO. 1 GAS UNIT still producing?
- CAPPS NO. 1 GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CAPPS NO. 1 GAS UNIT is August 2026.
- How much has CAPPS NO. 1 GAS UNIT produced?
- CAPPS NO. 1 GAS UNIT has reported 1,106,606 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CAPPS NO. 1 GAS UNIT worth?
- The remaining production from CAPPS NO. 1 GAS UNIT is estimated to be worth about $248K in total as of 26 August 2026, within a range of $206K to $290K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CAPPS NO. 1 GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CAPPS NO. 1 GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CAPPS NO. 1 GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CAPPS NO. 1 GAS UNIT generate in a year?
- CAPPS NO. 1 GAS UNIT is forecast to net about $38K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CAPPS NO. 1 GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marathon Oil Company |
|---|---|
| Field | Reed, N. (Cotton Valley Lime) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 091953 |
| Wellbores | 1 |
| Reported production | 1,106,606 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $248K |
Where CAPPS NO. 1 GAS 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.