GUNN, MARGARET G.U. 1

GUNN, MARGARET G.U. 1 is a Texas gas lease in Gregg County, Railroad Commission district 06, operated by Burlington Resources O & G Co LP. It has 1 wellbore on file with the Commission. Reported production runs from April 2006 to August 2026, totalling 885,616 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 $47K, with roughly $6K 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 256 thousand cubic feet a month. Its strongest month on the record we hold was February 2018, at 2,850 thousand cubic feet. 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 GUNN, MARGARET G.U. 1

Who operates GUNN, MARGARET G.U. 1?: GUNN, MARGARET G.U. 1 is operated by Burlington Resources O & G Co LP, Railroad Commission of Texas operator number 109333.
Where is GUNN, MARGARET G.U. 1?: GUNN, MARGARET G.U. 1 is a Texas gas lease in Gregg County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 220857.
Is GUNN, MARGARET G.U. 1 still producing?: GUNN, MARGARET G.U. 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GUNN, MARGARET G.U. 1 is August 2026.
How much has GUNN, MARGARET G.U. 1 produced?: GUNN, MARGARET G.U. 1 has reported 885,616 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2006 and August 2026, from 1 wellbore.
How much is GUNN, MARGARET G.U. 1 worth?: The remaining production from GUNN, MARGARET G.U. 1 is estimated to be worth about $47K in total as of 26 August 2026, within a range of $37K to $57K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GUNN, MARGARET G.U. 1 is a fraction of it. The estimate fits an Arps decline curve to the production GUNN, MARGARET G.U. 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GUNN, MARGARET G.U. 1 is an estimate of value, not an offer and not an appraisal.
How much income does GUNN, MARGARET G.U. 1 generate in a year?: GUNN, MARGARET G.U. 1 is forecast to net about $6K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GUNN, MARGARET G.U. 1 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

GUNN, MARGARET G.U. 1 as filed with the Railroad Commission of Texas
Operator	Burlington Resources O & G Co LP
Field	Willow Springs (Cotton Valley,W)
County	Gregg County, Texas
RRC district	06
Lease number	220857
Wellbores	1
Reported production	885,616 mcf
First reported	April 2006
Last reported	August 2026
Estimated royalty value	$47K

Where GUNN, MARGARET G.U. 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.