CAIN, PAULA
CAIN, PAULA is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Neg Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from May 2004 to August 2026, totalling 270,128 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 $36K, with roughly $8K 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 427 thousand cubic feet a month. Its strongest month on the record we hold was October 2024, at 2,373 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 CAIN, PAULA
- Who operates CAIN, PAULA?
- CAIN, PAULA is operated by Neg Operating LLC, Railroad Commission of Texas operator number 602995.
- Where is CAIN, PAULA?
- CAIN, PAULA is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 203086.
- Is CAIN, PAULA still producing?
- CAIN, PAULA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CAIN, PAULA is August 2026.
- How much has CAIN, PAULA produced?
- CAIN, PAULA has reported 270,128 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2004 and August 2026, from 1 wellbore.
- How much is CAIN, PAULA worth?
- The remaining production from CAIN, PAULA is estimated to be worth about $36K in total as of 26 August 2026, within a range of $28K to $43K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CAIN, PAULA is a fraction of it. The estimate fits an Arps decline curve to the production CAIN, PAULA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CAIN, PAULA is an estimate of value, not an offer and not an appraisal.
- How much income does CAIN, PAULA generate in a year?
- CAIN, PAULA is forecast to net about $8K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CAIN, PAULA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Neg Operating LLC |
|---|---|
| Field | Tatum, North (Cotton Valley) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 203086 |
| Wellbores | 1 |
| Reported production | 270,128 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $36K |
Where CAIN, PAULA 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.