VARGA GAS UNIT
VARGA GAS UNIT is a Texas gas lease in Gregg County, Railroad Commission district 06, operated by Altair Energy Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 477,043 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 $60K, with roughly $18K 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 735 thousand cubic feet a month. Its strongest month on the record we hold was December 2019, at 2,735 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 VARGA GAS UNIT
- Who operates VARGA GAS UNIT?
- VARGA GAS UNIT is operated by Altair Energy Corp., Railroad Commission of Texas operator number 015730.
- Where is VARGA GAS UNIT?
- VARGA GAS UNIT is a Texas gas lease in Gregg County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 101219.
- Is VARGA GAS UNIT still producing?
- VARGA GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for VARGA GAS UNIT is August 2026.
- How much has VARGA GAS UNIT produced?
- VARGA GAS UNIT has reported 477,043 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is VARGA GAS UNIT worth?
- The remaining production from VARGA GAS UNIT is estimated to be worth about $60K in total as of 27 August 2026, within a range of $47K to $73K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in VARGA GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production VARGA 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 VARGA GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does VARGA GAS UNIT generate in a year?
- VARGA GAS UNIT is forecast to net about $18K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in VARGA GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Altair Energy Corp. |
|---|---|
| Field | Willow Springs (Cotton Valley,W) |
| County | Gregg County, Texas |
| RRC district | 06 |
| Lease number | 101219 |
| Wellbores | 1 |
| Reported production | 477,043 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $60K |
Where VARGA 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.