CHADWICK UNIT
CHADWICK UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Pennzenergy Exp. & Prod., L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from February 1999 to August 2026, totalling 1,277,436 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 $210K, with roughly $36K 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 1,126 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 2,737 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 CHADWICK UNIT
- Who operates CHADWICK UNIT?
- CHADWICK UNIT is operated by Pennzenergy Exp. & Prod., L.L.C., Railroad Commission of Texas operator number 652345.
- Where is CHADWICK UNIT?
- CHADWICK UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 172331.
- Is CHADWICK UNIT still producing?
- CHADWICK UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHADWICK UNIT is August 2026.
- How much has CHADWICK UNIT produced?
- CHADWICK UNIT has reported 1,277,436 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 1999 and August 2026, from 1 wellbore.
- How much is CHADWICK UNIT worth?
- The remaining production from CHADWICK UNIT is estimated to be worth about $210K in total as of 26 August 2026, within a range of $174K to $246K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHADWICK UNIT is a fraction of it. The estimate fits an Arps decline curve to the production CHADWICK UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHADWICK UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does CHADWICK UNIT generate in a year?
- CHADWICK UNIT is forecast to net about $36K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHADWICK UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzenergy Exp. & Prod., L.L.C. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 172331 |
| Wellbores | 1 |
| Reported production | 1,277,436 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $210K |
Where CHADWICK 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.