BLOCK 86 UNIT #3
BLOCK 86 UNIT #3 is a Texas gas lease in Live Oak County, Railroad Commission district 02, operated by Calpine Natural Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from May 1999 to August 2026, totalling 247,555 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 $64K, with roughly $13K 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 392 thousand cubic feet a month. Its strongest month on the record we hold was October 2019, at 1,336 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 BLOCK 86 UNIT #3
- Who operates BLOCK 86 UNIT #3?
- BLOCK 86 UNIT #3 is operated by Calpine Natural Gas Company, Railroad Commission of Texas operator number 125948.
- Where is BLOCK 86 UNIT #3?
- BLOCK 86 UNIT #3 is a Texas gas lease in Live Oak County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 176647.
- Is BLOCK 86 UNIT #3 still producing?
- BLOCK 86 UNIT #3 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BLOCK 86 UNIT #3 is August 2026.
- How much has BLOCK 86 UNIT #3 produced?
- BLOCK 86 UNIT #3 has reported 247,555 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 1999 and August 2026, from 1 wellbore.
- How much is BLOCK 86 UNIT #3 worth?
- The remaining production from BLOCK 86 UNIT #3 is estimated to be worth about $64K in total as of 26 August 2026, within a range of $50K to $77K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BLOCK 86 UNIT #3 is a fraction of it. The estimate fits an Arps decline curve to the production BLOCK 86 UNIT #3 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BLOCK 86 UNIT #3 is an estimate of value, not an offer and not an appraisal.
- How much income does BLOCK 86 UNIT #3 generate in a year?
- BLOCK 86 UNIT #3 is forecast to net about $13K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BLOCK 86 UNIT #3 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Calpine Natural Gas Company |
|---|---|
| Field | Clayton (Massive) |
| County | Live Oak County, Texas |
| RRC district | 02 |
| Lease number | 176647 |
| Wellbores | 1 |
| Reported production | 247,555 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $64K |
Where BLOCK 86 UNIT #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.