LETOURNEAU GU 3
LETOURNEAU GU 3 is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Union Pacific Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 692,671 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 $108K, with roughly $25K 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 1,361 thousand cubic feet a month. Its strongest month on the record we hold was October 2022, at 5,014 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 LETOURNEAU GU 3
- Who operates LETOURNEAU GU 3?
- LETOURNEAU GU 3 is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is LETOURNEAU GU 3?
- LETOURNEAU GU 3 is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 083940.
- Is LETOURNEAU GU 3 still producing?
- LETOURNEAU GU 3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LETOURNEAU GU 3 is August 2026.
- How much has LETOURNEAU GU 3 produced?
- LETOURNEAU GU 3 has reported 692,671 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is LETOURNEAU GU 3 worth?
- The remaining production from LETOURNEAU GU 3 is estimated to be worth about $108K in total as of 27 August 2026, within a range of $89K to $126K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LETOURNEAU GU 3 is a fraction of it. The estimate fits an Arps decline curve to the production LETOURNEAU GU 3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LETOURNEAU GU 3 is an estimate of value, not an offer and not an appraisal.
- How much income does LETOURNEAU GU 3 generate in a year?
- LETOURNEAU GU 3 is forecast to net about $25K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LETOURNEAU GU 3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Oak Hill (Cotton Valley) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 083940 |
| Wellbores | 1 |
| Reported production | 692,671 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $108K |
Where LETOURNEAU GU 3 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.