PORTER UNIT 324
PORTER UNIT 324 is a Texas gas lease in Lipscomb County, Railroad Commission district 10, operated by Jones Energy, LLC. It has 1 wellbore on file with the Commission. Reported production runs from March 2015 to August 2026, totalling 584,584 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 $499K, with roughly $126K 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 1,977 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 6,686 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 PORTER UNIT 324
- Who operates PORTER UNIT 324?
- PORTER UNIT 324 is operated by Jones Energy, LLC, Railroad Commission of Texas operator number 441132.
- Where is PORTER UNIT 324?
- PORTER UNIT 324 is a Texas gas lease in Lipscomb County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 278435.
- Is PORTER UNIT 324 still producing?
- PORTER UNIT 324 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PORTER UNIT 324 is August 2026.
- How much has PORTER UNIT 324 produced?
- PORTER UNIT 324 has reported 584,584 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2015 and August 2026, from 1 wellbore.
- How much is PORTER UNIT 324 worth?
- The remaining production from PORTER UNIT 324 is estimated to be worth about $499K in total as of 26 August 2026, within a range of $414K to $584K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PORTER UNIT 324 is a fraction of it. The estimate fits an Arps decline curve to the production PORTER UNIT 324 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PORTER UNIT 324 is an estimate of value, not an offer and not an appraisal.
- How much income does PORTER UNIT 324 generate in a year?
- PORTER UNIT 324 is forecast to net about $126K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PORTER UNIT 324 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jones Energy, LLC |
|---|---|
| Field | Lipscomb (Cleveland) |
| County | Lipscomb County, Texas |
| RRC district | 10 |
| Lease number | 278435 |
| Wellbores | 1 |
| Reported production | 584,584 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $499K |
Where PORTER UNIT 324 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.