NEUSE UNIT
NEUSE UNIT is a Texas oil lease in Gonzales County, Railroad Commission district 01, operated by Penn Virginia Oil & Gas, L.P. It has 1 wellbore on file with the Commission. Reported production runs from August 2012 to August 2026, totalling 183,799 barrels. 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 $837K, with roughly $161K 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 242 barrels a month. Its strongest month on the record we hold was April 2019, at 1,054 barrels. 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 NEUSE UNIT
- Who operates NEUSE UNIT?
- NEUSE UNIT is operated by Penn Virginia Oil & Gas, L.P., Railroad Commission of Texas operator number 651780.
- Where is NEUSE UNIT?
- NEUSE UNIT is a Texas oil lease in Gonzales County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 16075.
- Is NEUSE UNIT still producing?
- NEUSE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEUSE UNIT is August 2026.
- How much has NEUSE UNIT produced?
- NEUSE UNIT has reported 183,799 barrels of oil (bbl) to the Railroad Commission of Texas between August 2012 and August 2026, from 1 wellbore.
- How much is NEUSE UNIT worth?
- The remaining production from NEUSE UNIT is estimated to be worth about $837K in total as of 26 August 2026, within a range of $653K to $1.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEUSE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NEUSE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEUSE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NEUSE UNIT generate in a year?
- NEUSE UNIT is forecast to net about $161K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEUSE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penn Virginia Oil & Gas, L.P. |
|---|---|
| Field | Eagleville (Eagle Ford-1) |
| County | Gonzales County, Texas |
| RRC district | 01 |
| Lease number | 16075 |
| Wellbores | 1 |
| Reported production | 183,799 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $837K |
Where NEUSE 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.