KING UNIT
KING UNIT is a Texas gas lease in Tarrant County, Railroad Commission district 09, operated by Tanglewood Oil & Gas LLC. It has 1 wellbore on file with the Commission. Reported production runs from October 2007 to August 2026, totalling 2,180,748 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 $792K, with roughly $120K 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 5,103 thousand cubic feet a month. Its strongest month on the record we hold was May 2017, at 9,628 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 KING UNIT
- Who operates KING UNIT?
- KING UNIT is operated by Tanglewood Oil & Gas LLC, Railroad Commission of Texas operator number 835710.
- Where is KING UNIT?
- KING UNIT is a Texas gas lease in Tarrant County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 250169.
- Is KING UNIT still producing?
- KING UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KING UNIT is August 2026.
- How much has KING UNIT produced?
- KING UNIT has reported 2,180,748 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 2007 and August 2026, from 1 wellbore.
- How much is KING UNIT worth?
- The remaining production from KING UNIT is estimated to be worth about $792K in total as of 26 August 2026, within a range of $657K to $926K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KING UNIT is a fraction of it. The estimate fits an Arps decline curve to the production KING UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KING UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does KING UNIT generate in a year?
- KING UNIT is forecast to net about $120K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KING UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Tanglewood Oil & Gas LLC |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Tarrant County, Texas |
| RRC district | 09 |
| Lease number | 250169 |
| Wellbores | 1 |
| Reported production | 2,180,748 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $792K |
Where KING 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.