PICKETT #1 GAS UNIT
PICKETT #1 GAS UNIT is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Samedan Oil Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,483,700 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 $200K, with roughly $36K 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 1,856 thousand cubic feet a month. Its strongest month on the record we hold was May 2024, at 4,301 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 PICKETT #1 GAS UNIT
- Who operates PICKETT #1 GAS UNIT?
- PICKETT #1 GAS UNIT is operated by Samedan Oil Corporation, Railroad Commission of Texas operator number 744600.
- Where is PICKETT #1 GAS UNIT?
- PICKETT #1 GAS UNIT is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 082194.
- Is PICKETT #1 GAS UNIT still producing?
- PICKETT #1 GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PICKETT #1 GAS UNIT is August 2026.
- How much has PICKETT #1 GAS UNIT produced?
- PICKETT #1 GAS UNIT has reported 1,483,700 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PICKETT #1 GAS UNIT worth?
- The remaining production from PICKETT #1 GAS UNIT is estimated to be worth about $200K in total as of 27 August 2026, within a range of $166K to $233K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PICKETT #1 GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PICKETT #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 PICKETT #1 GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PICKETT #1 GAS UNIT generate in a year?
- PICKETT #1 GAS UNIT is forecast to net about $36K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PICKETT #1 GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Samedan Oil Corporation |
|---|---|
| Field | Teague (Cotton Valley) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 082194 |
| Wellbores | 1 |
| Reported production | 1,483,700 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $200K |
Where PICKETT #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.