CGU 31
CGU 31 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Union Pacific Resources Company. It has 1 wellbore on file with the Commission. Reported production runs from August 1997 to August 2026, totalling 1,312,147 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 $430K, with roughly $65K 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 2,661 thousand cubic feet a month. Its strongest month on the record we hold was February 2019, at 5,146 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 CGU 31
- Who operates CGU 31?
- CGU 31 is operated by Union Pacific Resources Company, Railroad Commission of Texas operator number 876645.
- Where is CGU 31?
- CGU 31 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 165621.
- Is CGU 31 still producing?
- CGU 31 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CGU 31 is August 2026.
- How much has CGU 31 produced?
- CGU 31 has reported 1,312,147 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 1997 and August 2026, from 1 wellbore.
- How much is CGU 31 worth?
- The remaining production from CGU 31 is estimated to be worth about $430K in total as of 27 August 2026, within a range of $357K to $504K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CGU 31 is a fraction of it. The estimate fits an Arps decline curve to the production CGU 31 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CGU 31 is an estimate of value, not an offer and not an appraisal.
- How much income does CGU 31 generate in a year?
- CGU 31 is forecast to net about $65K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in CGU 31 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Pacific Resources Company |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 165621 |
| Wellbores | 1 |
| Reported production | 1,312,147 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $430K |
Where CGU 31 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.