KEELING GAS UNIT
KEELING GAS UNIT 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 May 2005 to August 2026, totalling 729,572 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 $196K, with roughly $31K 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 1,191 thousand cubic feet a month. Its strongest month on the record we hold was November 2016, at 2,497 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 KEELING GAS UNIT
- Who operates KEELING GAS UNIT?
- KEELING GAS UNIT is operated by Basa Resources, Inc., Railroad Commission of Texas operator number 053974.
- Where is KEELING GAS UNIT?
- KEELING GAS UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 211938.
- Is KEELING GAS UNIT still producing?
- KEELING GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KEELING GAS UNIT is August 2026.
- How much has KEELING GAS UNIT produced?
- KEELING GAS UNIT has reported 729,572 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2005 and August 2026, from 1 wellbore.
- How much is KEELING GAS UNIT worth?
- The remaining production from KEELING GAS UNIT is estimated to be worth about $196K in total as of 27 August 2026, within a range of $163K to $229K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KEELING GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production KEELING 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 KEELING GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does KEELING GAS UNIT generate in a year?
- KEELING GAS UNIT is forecast to net about $31K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in KEELING GAS UNIT 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 | 211938 |
| Wellbores | 1 |
| Reported production | 729,572 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $196K |
Where KEELING 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.