CRAIG, J.V. GAS UNIT 1
CRAIG, J.V. GAS UNIT 1 is a Texas gas lease in Upshur County, Railroad Commission district 06, operated by Peak Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from December 2006 to August 2026, totalling 458,674 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 $17K 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 792 thousand cubic feet a month. Its strongest month on the record we hold was October 2018, at 2,428 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 CRAIG, J.V. GAS UNIT 1
- Who operates CRAIG, J.V. GAS UNIT 1?
- CRAIG, J.V. GAS UNIT 1 is operated by Peak Energy Corporation, Railroad Commission of Texas operator number 647135.
- Where is CRAIG, J.V. GAS UNIT 1?
- CRAIG, J.V. GAS UNIT 1 is a Texas gas lease in Upshur County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 226193.
- Is CRAIG, J.V. GAS UNIT 1 still producing?
- CRAIG, J.V. GAS UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CRAIG, J.V. GAS UNIT 1 is August 2026.
- How much has CRAIG, J.V. GAS UNIT 1 produced?
- CRAIG, J.V. GAS UNIT 1 has reported 458,674 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between December 2006 and August 2026, from 1 wellbore.
- How much is CRAIG, J.V. GAS UNIT 1 worth?
- The remaining production from CRAIG, J.V. GAS UNIT 1 is estimated to be worth about $83K in total as of 26 August 2026, within a range of $64K to $101K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CRAIG, J.V. GAS UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production CRAIG, J.V. GAS 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 CRAIG, J.V. GAS UNIT 1 is an estimate of value, not an offer and not an appraisal.
- How much income does CRAIG, J.V. GAS UNIT 1 generate in a year?
- CRAIG, J.V. GAS UNIT 1 is forecast to net about $17K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CRAIG, J.V. GAS UNIT 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Peak Energy Corporation |
|---|---|
| Field | Gilmer (Cotton Valley Sands) |
| County | Upshur County, Texas |
| RRC district | 06 |
| Lease number | 226193 |
| Wellbores | 1 |
| Reported production | 458,674 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $83K |
Where CRAIG, J.V. GAS 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.