FLEMING
FLEMING is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Basa Resources, Inc. It has 1 wellbore on file with the Commission. Reported production runs from June 2006 to August 2026, totalling 444,309 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 $62K, with roughly $10K 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 633 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 3,257 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 FLEMING
- Who operates FLEMING?
- FLEMING is operated by Basa Resources, Inc., Railroad Commission of Texas operator number 053974.
- Where is FLEMING?
- FLEMING is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 222775.
- Is FLEMING still producing?
- FLEMING is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FLEMING is August 2026.
- How much has FLEMING produced?
- FLEMING has reported 444,309 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2006 and August 2026, from 1 wellbore.
- How much is FLEMING worth?
- The remaining production from FLEMING is estimated to be worth about $62K in total as of 26 August 2026, within a range of $48K to $76K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FLEMING is a fraction of it. The estimate fits an Arps decline curve to the production FLEMING has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FLEMING is an estimate of value, not an offer and not an appraisal.
- How much income does FLEMING generate in a year?
- FLEMING is forecast to net about $10K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FLEMING receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Basa Resources, Inc. |
|---|---|
| Field | Carthage, S. (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 222775 |
| Wellbores | 1 |
| Reported production | 444,309 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $62K |
Where FLEMING 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.