NORTH BLUE GAS UNIT
NORTH BLUE GAS UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Preston Exploration LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2008 to August 2026, totalling 421,751 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 $62K, with roughly $12K 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 532 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 1,493 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 NORTH BLUE GAS UNIT
- Who operates NORTH BLUE GAS UNIT?
- NORTH BLUE GAS UNIT is operated by Preston Exploration LLC, Railroad Commission of Texas operator number 676133.
- Where is NORTH BLUE GAS UNIT?
- NORTH BLUE GAS UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 245577.
- Is NORTH BLUE GAS UNIT still producing?
- NORTH BLUE GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NORTH BLUE GAS UNIT is August 2026.
- How much has NORTH BLUE GAS UNIT produced?
- NORTH BLUE GAS UNIT has reported 421,751 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2008 and August 2026, from 1 wellbore.
- How much is NORTH BLUE GAS UNIT worth?
- The remaining production from NORTH BLUE GAS UNIT is estimated to be worth about $62K in total as of 27 August 2026, within a range of $48K to $75K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NORTH BLUE GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NORTH BLUE 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 NORTH BLUE GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NORTH BLUE GAS UNIT generate in a year?
- NORTH BLUE GAS UNIT is forecast to net about $12K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in NORTH BLUE GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Preston Exploration LLC |
|---|---|
| Field | Beckville (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 245577 |
| Wellbores | 1 |
| Reported production | 421,751 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $62K |
Where NORTH BLUE 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.