SULLIVAN UNIT
SULLIVAN UNIT is a Texas gas lease in Live Oak County, Railroad Commission district 02, operated by Freeman, James C. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 5,162,206 thousand cubic feet. The lease is intermittent. 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 $57K, with roughly $10K 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 30 thousand cubic feet a month. Its strongest month on the record we hold was September 2016, at 5,769 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 SULLIVAN UNIT
- Who operates SULLIVAN UNIT?
- SULLIVAN UNIT is operated by Freeman, James C., Railroad Commission of Texas operator number 285130.
- Where is SULLIVAN UNIT?
- SULLIVAN UNIT is a Texas gas lease in Live Oak County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 138099.
- Is SULLIVAN UNIT still producing?
- SULLIVAN UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for SULLIVAN UNIT is August 2026.
- How much has SULLIVAN UNIT produced?
- SULLIVAN UNIT has reported 5,162,206 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SULLIVAN UNIT worth?
- The remaining production from SULLIVAN UNIT is estimated to be worth about $57K in total as of 26 August 2026, within a range of $32K to $83K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SULLIVAN UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SULLIVAN UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SULLIVAN UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SULLIVAN UNIT generate in a year?
- SULLIVAN UNIT is forecast to net about $10K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in SULLIVAN UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Freeman, James C. |
|---|---|
| Field | Maxine, East (8700) |
| County | Live Oak County, Texas |
| RRC district | 02 |
| Lease number | 138099 |
| Wellbores | 1 |
| Reported production | 5,162,206 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $57K |
Where SULLIVAN 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.