LILLY UNIT
LILLY UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Sheridan Production Co III, LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2022 to August 2026, totalling 55,681 thousand cubic feet. The lease is intermittent. 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 $71K, with roughly $24K 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 4,251 thousand cubic feet a month. Its strongest month on the record we hold was May 2025, at 14,722 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 LILLY UNIT
- Who operates LILLY UNIT?
- LILLY UNIT is operated by Sheridan Production Co III, LLC, Railroad Commission of Texas operator number 775851.
- Where is LILLY UNIT?
- LILLY UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 293257.
- Is LILLY UNIT still producing?
- LILLY UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for LILLY UNIT is August 2026.
- How much has LILLY UNIT produced?
- LILLY UNIT has reported 55,681 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2022 and August 2026, from 1 wellbore.
- How much is LILLY UNIT worth?
- The remaining production from LILLY UNIT is estimated to be worth about $71K in total as of 26 August 2026, within a range of $59K to $83K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LILLY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production LILLY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LILLY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does LILLY UNIT generate in a year?
- LILLY UNIT is forecast to net about $24K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in LILLY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Sheridan Production Co III, LLC |
|---|---|
| Field | Carthage (Travis Peak) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 293257 |
| Wellbores | 1 |
| Reported production | 55,681 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $71K |
Where LILLY 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.