PRICE ESTATE UNIT #1
PRICE ESTATE UNIT #1 is a Texas gas lease in Pecos County, Railroad Commission district 08, operated by Union Oil Company Of California. It has 1 wellbore on file with the Commission. Reported production runs from September 1998 to August 2026, totalling 4,989,311 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 $83K, with roughly $20K 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 1,301 thousand cubic feet a month. Its strongest month on the record we hold was June 2022, at 13,940 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 PRICE ESTATE UNIT #1
- Who operates PRICE ESTATE UNIT #1?
- PRICE ESTATE UNIT #1 is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is PRICE ESTATE UNIT #1?
- PRICE ESTATE UNIT #1 is a Texas gas lease in Pecos County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 171060.
- Is PRICE ESTATE UNIT #1 still producing?
- PRICE ESTATE UNIT #1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PRICE ESTATE UNIT #1 is August 2026.
- How much has PRICE ESTATE UNIT #1 produced?
- PRICE ESTATE UNIT #1 has reported 4,989,311 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 1998 and August 2026, from 1 wellbore.
- How much is PRICE ESTATE UNIT #1 worth?
- The remaining production from PRICE ESTATE UNIT #1 is estimated to be worth about $83K in total as of 27 August 2026, within a range of $69K to $97K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PRICE ESTATE UNIT #1 is a fraction of it. The estimate fits an Arps decline curve to the production PRICE ESTATE 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 PRICE ESTATE UNIT #1 is an estimate of value, not an offer and not an appraisal.
- How much income does PRICE ESTATE UNIT #1 generate in a year?
- PRICE ESTATE UNIT #1 is forecast to net about $20K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PRICE ESTATE UNIT #1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | Gomez (Devonian) |
| County | Pecos County, Texas |
| RRC district | 08 |
| Lease number | 171060 |
| Wellbores | 1 |
| Reported production | 4,989,311 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $83K |
Where PRICE ESTATE 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.