COLLINS UNIT
COLLINS UNIT 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 1,156,756 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 $38K, with roughly $7K 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 328 thousand cubic feet a month. Its strongest month on the record we hold was January 2017, at 847 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 COLLINS UNIT
- Who operates COLLINS UNIT?
- COLLINS UNIT is operated by Pennzoil Exploration & Prod. Co., Railroad Commission of Texas operator number 652352.
- Where is COLLINS UNIT?
- COLLINS UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 099226.
- Is COLLINS UNIT still producing?
- COLLINS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for COLLINS UNIT is August 2026.
- How much has COLLINS UNIT produced?
- COLLINS UNIT has reported 1,156,756 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is COLLINS UNIT worth?
- The remaining production from COLLINS UNIT is estimated to be worth about $38K in total as of 26 August 2026, within a range of $29K to $46K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COLLINS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production COLLINS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COLLINS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does COLLINS UNIT generate in a year?
- COLLINS UNIT is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in COLLINS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Exploration & Prod. Co. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 099226 |
| Wellbores | 1 |
| Reported production | 1,156,756 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $38K |
Where COLLINS 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.