MAY
MAY is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Classic Operating Co. LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2013 to August 2026, totalling 2,822,984 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 $1.3M, with roughly $217K 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 8,528 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 24,987 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 MAY
- Who operates MAY?
- MAY is operated by Classic Operating Co. LLC, Railroad Commission of Texas operator number 158288.
- Where is MAY?
- MAY is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 272003.
- Is MAY still producing?
- MAY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MAY is August 2026.
- How much has MAY produced?
- MAY has reported 2,822,984 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2013 and August 2026, from 1 wellbore.
- How much is MAY worth?
- The remaining production from MAY is estimated to be worth about $1.3M in total as of 27 August 2026, within a range of $1.1M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MAY is a fraction of it. The estimate fits an Arps decline curve to the production MAY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MAY is an estimate of value, not an offer and not an appraisal.
- How much income does MAY generate in a year?
- MAY is forecast to net about $217K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MAY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Classic Operating Co. LLC |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 272003 |
| Wellbores | 1 |
| Reported production | 2,822,984 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where MAY 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.