COTTLE-REEVES UNIT
COTTLE-REEVES UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Lacy, R., Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 237,020 thousand cubic feet. The lease is intermittent. 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 $23K, with roughly $5K 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 151 thousand cubic feet a month. Its strongest month on the record we hold was November 2020, at 3,002 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 COTTLE-REEVES UNIT
- Who operates COTTLE-REEVES UNIT?
- COTTLE-REEVES UNIT is operated by Lacy, R., Inc., Railroad Commission of Texas operator number 480930.
- Where is COTTLE-REEVES UNIT?
- COTTLE-REEVES UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 089514.
- Is COTTLE-REEVES UNIT still producing?
- COTTLE-REEVES UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for COTTLE-REEVES UNIT is August 2026.
- How much has COTTLE-REEVES UNIT produced?
- COTTLE-REEVES UNIT has reported 237,020 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is COTTLE-REEVES UNIT worth?
- The remaining production from COTTLE-REEVES UNIT is estimated to be worth about $23K in total as of 27 August 2026, within a range of $18K to $28K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in COTTLE-REEVES UNIT is a fraction of it. The estimate fits an Arps decline curve to the production COTTLE-REEVES UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for COTTLE-REEVES UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does COTTLE-REEVES UNIT generate in a year?
- COTTLE-REEVES UNIT is forecast to net about $5K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in COTTLE-REEVES UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lacy, R., Inc. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 089514 |
| Wellbores | 1 |
| Reported production | 237,020 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $23K |
Where COTTLE-REEVES 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.