RAINS
RAINS is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Penn Virginia Oil & Gas Corp. It has 1 wellbore on file with the Commission. Reported production runs from August 2004 to August 2026, totalling 869,211 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 $59K, 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 1,407 thousand cubic feet a month. Its strongest month on the record we hold was July 2024, at 2,988 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 RAINS
- Who operates RAINS?
- RAINS is operated by Penn Virginia Oil & Gas Corp., Railroad Commission of Texas operator number 651789.
- Where is RAINS?
- RAINS is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 206321.
- Is RAINS still producing?
- RAINS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAINS is August 2026.
- How much has RAINS produced?
- RAINS has reported 869,211 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2004 and August 2026, from 1 wellbore.
- How much is RAINS worth?
- The remaining production from RAINS is estimated to be worth about $59K in total as of 26 August 2026, within a range of $49K to $69K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAINS is a fraction of it. The estimate fits an Arps decline curve to the production RAINS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAINS is an estimate of value, not an offer and not an appraisal.
- How much income does RAINS generate in a year?
- RAINS is forecast to net about $25K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in RAINS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Penn Virginia Oil & Gas Corp. |
|---|---|
| Field | Carthage, North (Cotton Valley) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 206321 |
| Wellbores | 1 |
| Reported production | 869,211 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $59K |
Where RAINS 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.