MULLINS
MULLINS is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Par Minerals Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 633,515 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 $31K, with roughly $5K 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 248 thousand cubic feet a month. Its strongest month on the record we hold was January 2018, at 2,950 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 22% 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 MULLINS
- Who operates MULLINS?
- MULLINS is operated by Par Minerals Corporation, Railroad Commission of Texas operator number 638850.
- Where is MULLINS?
- MULLINS is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 086761.
- Is MULLINS still producing?
- MULLINS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MULLINS is August 2026.
- How much has MULLINS produced?
- MULLINS has reported 633,515 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is MULLINS worth?
- The remaining production from MULLINS is estimated to be worth about $31K in total as of 26 August 2026, within a range of $24K to $38K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MULLINS is a fraction of it. The estimate fits an Arps decline curve to the production MULLINS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MULLINS is an estimate of value, not an offer and not an appraisal.
- How much income does MULLINS generate in a year?
- MULLINS is forecast to net about $5K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MULLINS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Par Minerals Corporation |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 086761 |
| Wellbores | 1 |
| Reported production | 633,515 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $31K |
Where MULLINS 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.