CHANCELLOR UNIT NO. 1
CHANCELLOR UNIT NO. 1 is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Enron Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 935,283 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 $49K, with roughly $7K 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 343 thousand cubic feet a month. Its strongest month on the record we hold was November 2017, at 748 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 CHANCELLOR UNIT NO. 1
- Who operates CHANCELLOR UNIT NO. 1?
- CHANCELLOR UNIT NO. 1 is operated by Enron Oil & Gas Company, Railroad Commission of Texas operator number 253196.
- Where is CHANCELLOR UNIT NO. 1?
- CHANCELLOR UNIT NO. 1 is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 049823.
- Is CHANCELLOR UNIT NO. 1 still producing?
- CHANCELLOR UNIT NO. 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHANCELLOR UNIT NO. 1 is August 2026.
- How much has CHANCELLOR UNIT NO. 1 produced?
- CHANCELLOR UNIT NO. 1 has reported 935,283 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CHANCELLOR UNIT NO. 1 worth?
- The remaining production from CHANCELLOR UNIT NO. 1 is estimated to be worth about $49K in total as of 26 August 2026, within a range of $38K to $60K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHANCELLOR UNIT NO. 1 is a fraction of it. The estimate fits an Arps decline curve to the production CHANCELLOR UNIT NO. 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHANCELLOR UNIT NO. 1 is an estimate of value, not an offer and not an appraisal.
- How much income does CHANCELLOR UNIT NO. 1 generate in a year?
- CHANCELLOR UNIT NO. 1 is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHANCELLOR UNIT NO. 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Enron Oil & Gas Company |
|---|---|
| Field | Reed, West (Travis Peak) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 049823 |
| Wellbores | 1 |
| Reported production | 935,283 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $49K |
Where CHANCELLOR UNIT NO. 1 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.