GULLEY, M.E. GAS UNIT
GULLEY, M.E. GAS UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Devon Energy Production Co, L.P. It has 1 wellbore on file with the Commission. Reported production runs from May 2001 to August 2026, totalling 999,080 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 $324K, with roughly $49K 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 2,081 thousand cubic feet a month. Its strongest month on the record we hold was October 2019, at 3,718 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 GULLEY, M.E. GAS UNIT
- Who operates GULLEY, M.E. GAS UNIT?
- GULLEY, M.E. GAS UNIT is operated by Devon Energy Production Co, L.P., Railroad Commission of Texas operator number 216378.
- Where is GULLEY, M.E. GAS UNIT?
- GULLEY, M.E. GAS UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 182991.
- Is GULLEY, M.E. GAS UNIT still producing?
- GULLEY, M.E. GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GULLEY, M.E. GAS UNIT is August 2026.
- How much has GULLEY, M.E. GAS UNIT produced?
- GULLEY, M.E. GAS UNIT has reported 999,080 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2001 and August 2026, from 1 wellbore.
- How much is GULLEY, M.E. GAS UNIT worth?
- The remaining production from GULLEY, M.E. GAS UNIT is estimated to be worth about $324K in total as of 27 August 2026, within a range of $269K to $379K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GULLEY, M.E. GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GULLEY, M.E. GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GULLEY, M.E. GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GULLEY, M.E. GAS UNIT generate in a year?
- GULLEY, M.E. GAS UNIT is forecast to net about $49K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GULLEY, M.E. GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Devon Energy Production Co, L.P. |
|---|---|
| Field | Carthage, North (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 182991 |
| Wellbores | 1 |
| Reported production | 999,080 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $324K |
Where GULLEY, M.E. GAS 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.