NEASON UNIT A-39
NEASON UNIT A-39 is a Texas gas lease in Grimes County, Railroad Commission district 03, operated by Galloway Energy Co. It has 1 wellbore on file with the Commission. Reported production runs from February 2006 to August 2026, totalling 6,622 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 $10K, with roughly $2K 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 16 thousand cubic feet a month. Its strongest month on the record we hold was October 2020, at 64 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 NEASON UNIT A-39
- Who operates NEASON UNIT A-39?
- NEASON UNIT A-39 is operated by Galloway Energy Co., Railroad Commission of Texas operator number 293303.
- Where is NEASON UNIT A-39?
- NEASON UNIT A-39 is a Texas gas lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 214796.
- Is NEASON UNIT A-39 still producing?
- NEASON UNIT A-39 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEASON UNIT A-39 is August 2026.
- How much has NEASON UNIT A-39 produced?
- NEASON UNIT A-39 has reported 6,622 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2006 and August 2026, from 1 wellbore.
- How much is NEASON UNIT A-39 worth?
- The remaining production from NEASON UNIT A-39 is estimated to be worth about $10K in total as of 26 August 2026, within a range of $6K to $15K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEASON UNIT A-39 is a fraction of it. The estimate fits an Arps decline curve to the production NEASON UNIT A-39 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEASON UNIT A-39 is an estimate of value, not an offer and not an appraisal.
- How much income does NEASON UNIT A-39 generate in a year?
- NEASON UNIT A-39 is forecast to net about $2K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEASON UNIT A-39 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Galloway Energy Co. |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 214796 |
| Wellbores | 1 |
| Reported production | 6,622 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $10K |
Where NEASON UNIT A-39 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.