CAVIN
CAVIN is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Pennzoil Exploration & Prod. Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,520,057 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 $298K, with roughly $53K 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 1,864 thousand cubic feet a month. Its strongest month on the record we hold was May 2021, at 2,480 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 CAVIN
- Who operates CAVIN?
- CAVIN is operated by Pennzoil Exploration & Prod. Co., Railroad Commission of Texas operator number 652352.
- Where is CAVIN?
- CAVIN is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 097188.
- Is CAVIN still producing?
- CAVIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CAVIN is August 2026.
- How much has CAVIN produced?
- CAVIN has reported 1,520,057 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is CAVIN worth?
- The remaining production from CAVIN is estimated to be worth about $298K in total as of 27 August 2026, within a range of $248K to $349K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CAVIN is a fraction of it. The estimate fits an Arps decline curve to the production CAVIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CAVIN is an estimate of value, not an offer and not an appraisal.
- How much income does CAVIN generate in a year?
- CAVIN is forecast to net about $53K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CAVIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Exploration & Prod. Co. |
|---|---|
| Field | Bethany, East (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 097188 |
| Wellbores | 1 |
| Reported production | 1,520,057 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $298K |
Where CAVIN 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.