TURNER UNIT 1
TURNER UNIT 1 is a Texas gas lease in Panola County, Railroad Commission district 06, operated by Lacy, R., Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 1994 to August 2026, totalling 2,684,579 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 $243K, with roughly $50K 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 1,452 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 3,967 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 TURNER UNIT 1
- Who operates TURNER UNIT 1?
- TURNER UNIT 1 is operated by Lacy, R., Inc., Railroad Commission of Texas operator number 480930.
- Where is TURNER UNIT 1?
- TURNER UNIT 1 is a Texas gas lease in Panola County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 152356.
- Is TURNER UNIT 1 still producing?
- TURNER UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TURNER UNIT 1 is August 2026.
- How much has TURNER UNIT 1 produced?
- TURNER UNIT 1 has reported 2,684,579 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 1994 and August 2026, from 1 wellbore.
- How much is TURNER UNIT 1 worth?
- The remaining production from TURNER UNIT 1 is estimated to be worth about $243K in total as of 27 August 2026, within a range of $201K to $284K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TURNER UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production TURNER UNIT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TURNER UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does TURNER UNIT 1 generate in a year?
- TURNER UNIT 1 is forecast to net about $50K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TURNER UNIT 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lacy, R., Inc. |
|---|---|
| Field | Carthage (Cotton Valley) |
| County | Panola County, Texas |
| RRC district | 06 |
| Lease number | 152356 |
| Wellbores | 1 |
| Reported production | 2,684,579 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $243K |
Where TURNER UNIT 1 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.