FROST GILLASPY
FROST GILLASPY 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 768,133 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 $21K, 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 604 thousand cubic feet a month. Its strongest month on the record we hold was September 2018, at 2,632 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 FROST GILLASPY
- Who operates FROST GILLASPY?
- FROST GILLASPY is operated by Lacy, R., Inc., Railroad Commission of Texas operator number 480930.
- Where is FROST GILLASPY?
- FROST GILLASPY is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 084137.
- Is FROST GILLASPY still producing?
- FROST GILLASPY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FROST GILLASPY is August 2026.
- How much has FROST GILLASPY produced?
- FROST GILLASPY has reported 768,133 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is FROST GILLASPY worth?
- The remaining production from FROST GILLASPY is estimated to be worth about $21K in total as of 27 August 2026, within a range of $16K to $26K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FROST GILLASPY is a fraction of it. The estimate fits an Arps decline curve to the production FROST GILLASPY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FROST GILLASPY is an estimate of value, not an offer and not an appraisal.
- How much income does FROST GILLASPY generate in a year?
- FROST GILLASPY is forecast to net about $10K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in FROST GILLASPY 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 | 084137 |
| Wellbores | 1 |
| Reported production | 768,133 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $21K |
Where FROST GILLASPY 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.