JONES, PENNY
JONES, PENNY is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Penn Virginia Oil & Gas, L.P. It has 1 wellbore on file with the Commission. Reported production runs from September 2007 to August 2026, totalling 108,877 thousand cubic feet. The lease is intermittent. 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 $91K, with roughly $12K 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 228 thousand cubic feet a month. Its strongest month on the record we hold was January 2026, at 2,223 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 JONES, PENNY
- Who operates JONES, PENNY?
- JONES, PENNY is operated by Penn Virginia Oil & Gas, L.P., Railroad Commission of Texas operator number 651780.
- Where is JONES, PENNY?
- JONES, PENNY is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 234242.
- Is JONES, PENNY still producing?
- JONES, PENNY is intermittent. The most recent month of production reported to the Railroad Commission of Texas for JONES, PENNY is August 2026.
- How much has JONES, PENNY produced?
- JONES, PENNY has reported 108,877 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2007 and August 2026, from 1 wellbore.
- How much is JONES, PENNY worth?
- The remaining production from JONES, PENNY is estimated to be worth about $91K in total as of 27 August 2026, within a range of $71K to $111K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JONES, PENNY is a fraction of it. The estimate fits an Arps decline curve to the production JONES, PENNY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JONES, PENNY is an estimate of value, not an offer and not an appraisal.
- How much income does JONES, PENNY generate in a year?
- JONES, PENNY is forecast to net about $12K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in JONES, PENNY 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 | Carthage, North (Cotton Valley) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 234242 |
| Wellbores | 1 |
| Reported production | 108,877 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $91K |
Where JONES, PENNY 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.