HOPPER UNIT NO. 1

HOPPER UNIT NO. 1 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Smith, R. E. Interests, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 1993 to August 2026, totalling 2,681,871 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 $85K, with roughly $27K 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 1,741 thousand cubic feet a month. Its strongest month on the record we hold was December 2018, at 3,831 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 HOPPER UNIT NO. 1

Who operates HOPPER UNIT NO. 1?: HOPPER UNIT NO. 1 is operated by Smith, R. E. Interests, Inc., Railroad Commission of Texas operator number 794925.
Where is HOPPER UNIT NO. 1?: HOPPER UNIT NO. 1 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 145587.
Is HOPPER UNIT NO. 1 still producing?: HOPPER UNIT NO. 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HOPPER UNIT NO. 1 is August 2026.
How much has HOPPER UNIT NO. 1 produced?: HOPPER UNIT NO. 1 has reported 2,681,871 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 1993 and August 2026, from 1 wellbore.
How much is HOPPER UNIT NO. 1 worth?: The remaining production from HOPPER UNIT NO. 1 is estimated to be worth about $85K in total as of 26 August 2026, within a range of $70K to $99K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HOPPER UNIT NO. 1 is a fraction of it. The estimate fits an Arps decline curve to the production HOPPER UNIT NO. 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HOPPER UNIT NO. 1 is an estimate of value, not an offer and not an appraisal.
How much income does HOPPER UNIT NO. 1 generate in a year?: HOPPER UNIT NO. 1 is forecast to net about $27K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HOPPER UNIT NO. 1 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

HOPPER UNIT NO. 1 as filed with the Railroad Commission of Texas
Operator	Smith, R. E. Interests, Inc.
Field	Carthage (Cotton Valley)
County	Panola County, Texas
RRC district	06
Lease number	145587
Wellbores	1
Reported production	2,681,871 mcf
First reported	March 1993
Last reported	August 2026
Estimated royalty value	$85K

Where HOPPER UNIT NO. 1 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.