DOWNS
DOWNS is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Bowles Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 2006 to August 2026, totalling 760,118 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 $267K, with roughly $40K 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 2,054 thousand cubic feet a month. Its strongest month on the record we hold was December 2019, at 5,862 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 DOWNS
- Who operates DOWNS?
- DOWNS is operated by Bowles Energy, Inc., Railroad Commission of Texas operator number 084097.
- Where is DOWNS?
- DOWNS is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 220980.
- Is DOWNS still producing?
- DOWNS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for DOWNS is August 2026.
- How much has DOWNS produced?
- DOWNS has reported 760,118 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 2006 and August 2026, from 1 wellbore.
- How much is DOWNS worth?
- The remaining production from DOWNS is estimated to be worth about $267K in total as of 26 August 2026, within a range of $221K to $312K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in DOWNS is a fraction of it. The estimate fits an Arps decline curve to the production DOWNS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for DOWNS is an estimate of value, not an offer and not an appraisal.
- How much income does DOWNS generate in a year?
- DOWNS is forecast to net about $40K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in DOWNS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bowles Energy, Inc. |
|---|---|
| Field | Carthage, North (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 220980 |
| Wellbores | 1 |
| Reported production | 760,118 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $267K |
Where DOWNS 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.