BOUNDS, ELLA GAS UNIT
BOUNDS, ELLA GAS UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Glassell, Alfred C., JR. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,005,344 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 $231K, with roughly $35K 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 1,908 thousand cubic feet a month. Its strongest month on the record we hold was November 2020, at 2,493 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 BOUNDS, ELLA GAS UNIT
- Who operates BOUNDS, ELLA GAS UNIT?
- BOUNDS, ELLA GAS UNIT is operated by Glassell, Alfred C., JR., Railroad Commission of Texas operator number 309510.
- Where is BOUNDS, ELLA GAS UNIT?
- BOUNDS, ELLA GAS UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 129887.
- Is BOUNDS, ELLA GAS UNIT still producing?
- BOUNDS, ELLA GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BOUNDS, ELLA GAS UNIT is August 2026.
- How much has BOUNDS, ELLA GAS UNIT produced?
- BOUNDS, ELLA GAS UNIT has reported 1,005,344 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is BOUNDS, ELLA GAS UNIT worth?
- The remaining production from BOUNDS, ELLA GAS UNIT is estimated to be worth about $231K in total as of 27 August 2026, within a range of $192K to $270K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BOUNDS, ELLA GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production BOUNDS, ELLA 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 BOUNDS, ELLA GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does BOUNDS, ELLA GAS UNIT generate in a year?
- BOUNDS, ELLA GAS UNIT is forecast to net about $35K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BOUNDS, ELLA GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Glassell, Alfred C., JR. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 129887 |
| Wellbores | 1 |
| Reported production | 1,005,344 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $231K |
Where BOUNDS, ELLA 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.