KING GAS UNIT
KING GAS UNIT is a Texas gas lease in Limestone County, Railroad Commission district 05, operated by Marathon Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from December 2008 to August 2026, totalling 358,468 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 $23K, with roughly $3K 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 98 thousand cubic feet a month. Its strongest month on the record we hold was July 2016, at 661 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 KING GAS UNIT
- Who operates KING GAS UNIT?
- KING GAS UNIT is operated by Marathon Oil Company, Railroad Commission of Texas operator number 525380.
- Where is KING GAS UNIT?
- KING GAS UNIT is a Texas gas lease in Limestone County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 252587.
- Is KING GAS UNIT still producing?
- KING GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KING GAS UNIT is August 2026.
- How much has KING GAS UNIT produced?
- KING GAS UNIT has reported 358,468 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2008 and August 2026, from 1 wellbore.
- How much is KING GAS UNIT worth?
- The remaining production from KING GAS UNIT is estimated to be worth about $23K in total as of 26 August 2026, within a range of $13K to $34K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KING GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production KING 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 KING GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does KING GAS UNIT generate in a year?
- KING GAS UNIT is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KING GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marathon Oil Company |
|---|---|
| Field | Oletha (Travis Peak) |
| County | Limestone County, Texas |
| RRC district | 05 |
| Lease number | 252587 |
| Wellbores | 1 |
| Reported production | 358,468 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $23K |
Where KING 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.