OWENS UNIT
OWENS UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Pennzoil Exploration & Prod. Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,124,751 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 $27K, with roughly $7K 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 327 thousand cubic feet a month. Its strongest month on the record we hold was January 2017, at 2,208 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 OWENS UNIT
- Who operates OWENS UNIT?
- OWENS UNIT is operated by Pennzoil Exploration & Prod. Co., Railroad Commission of Texas operator number 652352.
- Where is OWENS UNIT?
- OWENS UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 082599.
- Is OWENS UNIT still producing?
- OWENS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OWENS UNIT is August 2026.
- How much has OWENS UNIT produced?
- OWENS UNIT has reported 1,124,751 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is OWENS UNIT worth?
- The remaining production from OWENS UNIT is estimated to be worth about $27K in total as of 26 August 2026, within a range of $21K to $33K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OWENS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production OWENS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OWENS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does OWENS UNIT generate in a year?
- OWENS UNIT is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OWENS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pennzoil Exploration & Prod. Co. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 082599 |
| Wellbores | 1 |
| Reported production | 1,124,751 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $27K |
Where OWENS 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.