CHANCELLOR UNIT NO. 1

CHANCELLOR UNIT NO. 1 is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Valence Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from January 2008 to August 2026, totalling 957,160 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 $435K, with roughly $68K 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 2,840 thousand cubic feet a month. Its strongest month on the record we hold was April 2017, at 11,485 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 CHANCELLOR UNIT NO. 1

Who operates CHANCELLOR UNIT NO. 1?: CHANCELLOR UNIT NO. 1 is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
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 242964.
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 957,160 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2008 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 $435K in total as of 26 August 2026, within a range of $361K to $509K. 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 $68K 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

CHANCELLOR UNIT NO. 1 as filed with the Railroad Commission of Texas
Operator	Valence Operating Company
Field	Teague (CV-Bossier Cons.)
County	Freestone County, Texas
RRC district	05
Lease number	242964
Wellbores	1
Reported production	957,160 mcf
First reported	January 2008
Last reported	August 2026
Estimated royalty value	$435K

Where CHANCELLOR UNIT NO. 1 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.