SOUTHERN GAS UNIT
SOUTHERN GAS UNIT is a Texas gas lease in Reeves County, Railroad Commission district 08, operated by Odessa Exploration, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 19,291 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 $14K, with roughly $2K 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 958 thousand cubic feet a month. Its strongest month on the record we hold was February 2026, at 6,667 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 SOUTHERN GAS UNIT
- Who operates SOUTHERN GAS UNIT?
- SOUTHERN GAS UNIT is operated by Odessa Exploration, Inc., Railroad Commission of Texas operator number 618275.
- Where is SOUTHERN GAS UNIT?
- SOUTHERN GAS UNIT is a Texas gas lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 070608.
- Is SOUTHERN GAS UNIT still producing?
- SOUTHERN GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SOUTHERN GAS UNIT is August 2026.
- How much has SOUTHERN GAS UNIT produced?
- SOUTHERN GAS UNIT has reported 19,291 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is SOUTHERN GAS UNIT worth?
- The remaining production from SOUTHERN GAS UNIT is estimated to be worth about $14K in total as of 27 August 2026, within a range of $11K to $17K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SOUTHERN GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production SOUTHERN 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 SOUTHERN GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does SOUTHERN GAS UNIT generate in a year?
- SOUTHERN GAS UNIT is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SOUTHERN GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Odessa Exploration, Inc. |
|---|---|
| Field | Toro (Devonian) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 070608 |
| Wellbores | 1 |
| Reported production | 19,291 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $14K |
Where SOUTHERN 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.