WATSON, IKE NO. 1 GAS UNIT
WATSON, IKE NO. 1 GAS UNIT is a Texas gas lease in Leon County, Railroad Commission district 05, operated by Forest Oil Corporation. It has 1 wellbore on file with the Commission. Reported production runs from March 2008 to August 2026, totalling 487,980 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 $12K, with roughly $1K 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 79 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 6,329 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 WATSON, IKE NO. 1 GAS UNIT
- Who operates WATSON, IKE NO. 1 GAS UNIT?
- WATSON, IKE NO. 1 GAS UNIT is operated by Forest Oil Corporation, Railroad Commission of Texas operator number 275740.
- Where is WATSON, IKE NO. 1 GAS UNIT?
- WATSON, IKE NO. 1 GAS UNIT is a Texas gas lease in Leon County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 243003.
- Is WATSON, IKE NO. 1 GAS UNIT still producing?
- WATSON, IKE NO. 1 GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATSON, IKE NO. 1 GAS UNIT is August 2026.
- How much has WATSON, IKE NO. 1 GAS UNIT produced?
- WATSON, IKE NO. 1 GAS UNIT has reported 487,980 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2008 and August 2026, from 1 wellbore.
- How much is WATSON, IKE NO. 1 GAS UNIT worth?
- The remaining production from WATSON, IKE NO. 1 GAS UNIT is estimated to be worth about $12K in total as of 26 August 2026, within a range of $6K to $17K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATSON, IKE NO. 1 GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production WATSON, IKE NO. 1 GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATSON, IKE NO. 1 GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does WATSON, IKE NO. 1 GAS UNIT generate in a year?
- WATSON, IKE NO. 1 GAS UNIT is forecast to net about $1K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WATSON, IKE NO. 1 GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Forest Oil Corporation |
|---|---|
| Field | Jewett (Travis Peak) |
| County | Leon County, Texas |
| RRC district | 05 |
| Lease number | 243003 |
| Wellbores | 1 |
| Reported production | 487,980 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $12K |
Where WATSON, IKE NO. 1 GAS UNIT 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.