ARMSTRONG, IONA FAYE GAS UNIT
ARMSTRONG, IONA FAYE GAS UNIT is a Texas gas lease in Rusk County, Railroad Commission district 06, operated by Amoco Production Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 2,765,728 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 $346K, with roughly $55K 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 2,256 thousand cubic feet a month. Its strongest month on the record we hold was July 2019, at 4,509 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 ARMSTRONG, IONA FAYE GAS UNIT
- Who operates ARMSTRONG, IONA FAYE GAS UNIT?
- ARMSTRONG, IONA FAYE GAS UNIT is operated by Amoco Production Company, Railroad Commission of Texas operator number 020425.
- Where is ARMSTRONG, IONA FAYE GAS UNIT?
- ARMSTRONG, IONA FAYE GAS UNIT is a Texas gas lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 098601.
- Is ARMSTRONG, IONA FAYE GAS UNIT still producing?
- ARMSTRONG, IONA FAYE GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for ARMSTRONG, IONA FAYE GAS UNIT is August 2026.
- How much has ARMSTRONG, IONA FAYE GAS UNIT produced?
- ARMSTRONG, IONA FAYE GAS UNIT has reported 2,765,728 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is ARMSTRONG, IONA FAYE GAS UNIT worth?
- The remaining production from ARMSTRONG, IONA FAYE GAS UNIT is estimated to be worth about $346K in total as of 26 August 2026, within a range of $287K to $405K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in ARMSTRONG, IONA FAYE GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production ARMSTRONG, IONA FAYE 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 ARMSTRONG, IONA FAYE GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does ARMSTRONG, IONA FAYE GAS UNIT generate in a year?
- ARMSTRONG, IONA FAYE GAS UNIT is forecast to net about $55K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in ARMSTRONG, IONA FAYE GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Amoco Production Company |
|---|---|
| Field | Oak Hill (Cotton Valley) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 098601 |
| Wellbores | 1 |
| Reported production | 2,765,728 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $346K |
Where ARMSTRONG, IONA FAYE 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.