MCHANEY GAS UNIT NO. 1
MCHANEY GAS UNIT NO. 1 is a Texas gas lease in Rusk County, Railroad Commission district 06, operated by Neg Operating LLC. It has 1 wellbore on file with the Commission. Reported production runs from April 2005 to August 2026, totalling 382,611 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 $54K, with roughly $16K 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 159 thousand cubic feet a month. Its strongest month on the record we hold was June 2021, at 3,521 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 MCHANEY GAS UNIT NO. 1
- Who operates MCHANEY GAS UNIT NO. 1?
- MCHANEY GAS UNIT NO. 1 is operated by Neg Operating LLC, Railroad Commission of Texas operator number 602995.
- Where is MCHANEY GAS UNIT NO. 1?
- MCHANEY GAS UNIT NO. 1 is a Texas gas lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 211089.
- Is MCHANEY GAS UNIT NO. 1 still producing?
- MCHANEY GAS UNIT NO. 1 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for MCHANEY GAS UNIT NO. 1 is August 2026.
- How much has MCHANEY GAS UNIT NO. 1 produced?
- MCHANEY GAS UNIT NO. 1 has reported 382,611 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between April 2005 and August 2026, from 1 wellbore.
- How much is MCHANEY GAS UNIT NO. 1 worth?
- The remaining production from MCHANEY GAS UNIT NO. 1 is estimated to be worth about $54K in total as of 27 August 2026, within a range of $42K to $65K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MCHANEY GAS UNIT NO. 1 is a fraction of it. The estimate fits an Arps decline curve to the production MCHANEY GAS UNIT NO. 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MCHANEY GAS UNIT NO. 1 is an estimate of value, not an offer and not an appraisal.
- How much income does MCHANEY GAS UNIT NO. 1 generate in a year?
- MCHANEY GAS UNIT NO. 1 is forecast to net about $16K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in MCHANEY GAS UNIT NO. 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Neg Operating LLC |
|---|---|
| Field | Oak Hill (Cotton Valley) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 211089 |
| Wellbores | 1 |
| Reported production | 382,611 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $54K |
Where MCHANEY GAS UNIT NO. 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.