CGU 4
CGU 4 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Anadarko E&P Company LP. It has 1 wellbore on file with the Commission. Reported production runs from December 2003 to August 2026, totalling 1,323,853 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 $88K, 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 632 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 3,227 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 CGU 4
- Who operates CGU 4?
- CGU 4 is operated by Anadarko E&P Company LP, Railroad Commission of Texas operator number 020542.
- Where is CGU 4?
- CGU 4 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 202590.
- Is CGU 4 still producing?
- CGU 4 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CGU 4 is August 2026.
- How much has CGU 4 produced?
- CGU 4 has reported 1,323,853 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2003 and August 2026, from 1 wellbore.
- How much is CGU 4 worth?
- The remaining production from CGU 4 is estimated to be worth about $88K in total as of 26 August 2026, within a range of $69K to $108K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CGU 4 is a fraction of it. The estimate fits an Arps decline curve to the production CGU 4 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CGU 4 is an estimate of value, not an offer and not an appraisal.
- How much income does CGU 4 generate in a year?
- CGU 4 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 CGU 4 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Anadarko E&P Company LP |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 202590 |
| Wellbores | 1 |
| Reported production | 1,323,853 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $88K |
Where CGU 4 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.