PILLANS
PILLANS is a Texas gas lease in Freestone County, Railroad Commission district 05, operated by Matador Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2002 to August 2026, totalling 709,769 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 $8K, with roughly $1K 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 75 thousand cubic feet a month. Its strongest month on the record we hold was January 2022, at 1,228 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 PILLANS
- Who operates PILLANS?
- PILLANS is operated by Matador Operating Company, Railroad Commission of Texas operator number 532992.
- Where is PILLANS?
- PILLANS is a Texas gas lease in Freestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 192551.
- Is PILLANS still producing?
- PILLANS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PILLANS is August 2026.
- How much has PILLANS produced?
- PILLANS has reported 709,769 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2002 and August 2026, from 1 wellbore.
- How much is PILLANS worth?
- The remaining production from PILLANS is estimated to be worth about $8K in total as of 27 August 2026, within a range of $4K to $12K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PILLANS is a fraction of it. The estimate fits an Arps decline curve to the production PILLANS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PILLANS is an estimate of value, not an offer and not an appraisal.
- How much income does PILLANS generate in a year?
- PILLANS is forecast to net about $1K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PILLANS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Matador Operating Company |
|---|---|
| Field | Nan-Su-Gail (CV Consolidated) |
| County | Freestone County, Texas |
| RRC district | 05 |
| Lease number | 192551 |
| Wellbores | 1 |
| Reported production | 709,769 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $8K |
Where PILLANS 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.