PETER 2 UNIT
PETER 2 UNIT is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Conocophillips Company. It has 1 wellbore on file with the Commission. Reported production runs from February 2007 to August 2026, totalling 673,936 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 $55K, with roughly $15K 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 383 thousand cubic feet a month. Its strongest month on the record we hold was April 2021, at 3,227 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 PETER 2 UNIT
- Who operates PETER 2 UNIT?
- PETER 2 UNIT is operated by Conocophillips Company, Railroad Commission of Texas operator number 172232.
- Where is PETER 2 UNIT?
- PETER 2 UNIT is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 229445.
- Is PETER 2 UNIT still producing?
- PETER 2 UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for PETER 2 UNIT is August 2026.
- How much has PETER 2 UNIT produced?
- PETER 2 UNIT has reported 673,936 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2007 and August 2026, from 1 wellbore.
- How much is PETER 2 UNIT worth?
- The remaining production from PETER 2 UNIT is estimated to be worth about $55K in total as of 26 August 2026, within a range of $43K to $67K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PETER 2 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production PETER 2 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PETER 2 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does PETER 2 UNIT generate in a year?
- PETER 2 UNIT is forecast to net about $15K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in PETER 2 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conocophillips Company |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 229445 |
| Wellbores | 1 |
| Reported production | 673,936 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $55K |
Where PETER 2 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.