NORTHEN GAS UNIT
NORTHEN GAS UNIT is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Hilcorp Energy Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2024 to August 2026, totalling 191,278 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 $228K, with roughly $90K 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 6,388 thousand cubic feet a month. Its strongest month on the record we hold was December 2024, at 33,886 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 NORTHEN GAS UNIT
- Who operates NORTHEN GAS UNIT?
- NORTHEN GAS UNIT is operated by Hilcorp Energy Company, Railroad Commission of Texas operator number 386310.
- Where is NORTHEN GAS UNIT?
- NORTHEN GAS UNIT is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 298921.
- Is NORTHEN GAS UNIT still producing?
- NORTHEN GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NORTHEN GAS UNIT is August 2026.
- How much has NORTHEN GAS UNIT produced?
- NORTHEN GAS UNIT has reported 191,278 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2024 and August 2026, from 1 wellbore.
- How much is NORTHEN GAS UNIT worth?
- The remaining production from NORTHEN GAS UNIT is estimated to be worth about $228K in total as of 26 August 2026, within a range of $190K to $267K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NORTHEN GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NORTHEN 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 NORTHEN GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NORTHEN GAS UNIT generate in a year?
- NORTHEN GAS UNIT is forecast to net about $90K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NORTHEN GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hilcorp Energy Company |
|---|---|
| Field | Reed (Rodessa) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 298921 |
| Wellbores | 1 |
| Reported production | 191,278 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $228K |
Where NORTHEN 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.