RAY, W.E. GAS UNIT #1
RAY, W.E. GAS UNIT #1 is a Texas gas lease in Upshur County, Railroad Commission district 06, operated by Mcbee Company, The. It has 1 wellbore on file with the Commission. Reported production runs from March 1993 to August 2026, totalling 2,424,084 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 $196K, with roughly $42K 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 1,573 thousand cubic feet a month. Its strongest month on the record we hold was September 2016, at 2,758 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 RAY, W.E. GAS UNIT #1
- Who operates RAY, W.E. GAS UNIT #1?
- RAY, W.E. GAS UNIT #1 is operated by Mcbee Company, The, Railroad Commission of Texas operator number 537442.
- Where is RAY, W.E. GAS UNIT #1?
- RAY, W.E. GAS UNIT #1 is a Texas gas lease in Upshur County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 144989.
- Is RAY, W.E. GAS UNIT #1 still producing?
- RAY, W.E. GAS UNIT #1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for RAY, W.E. GAS UNIT #1 is August 2026.
- How much has RAY, W.E. GAS UNIT #1 produced?
- RAY, W.E. GAS UNIT #1 has reported 2,424,084 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 1993 and August 2026, from 1 wellbore.
- How much is RAY, W.E. GAS UNIT #1 worth?
- The remaining production from RAY, W.E. GAS UNIT #1 is estimated to be worth about $196K in total as of 27 August 2026, within a range of $163K to $230K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAY, W.E. GAS UNIT #1 is a fraction of it. The estimate fits an Arps decline curve to the production RAY, W.E. 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 RAY, W.E. GAS UNIT #1 is an estimate of value, not an offer and not an appraisal.
- How much income does RAY, W.E. GAS UNIT #1 generate in a year?
- RAY, W.E. GAS UNIT #1 is forecast to net about $42K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RAY, W.E. GAS UNIT #1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mcbee Company, The |
|---|---|
| Field | Rosewood (Cotton Valley) |
| County | Upshur County, Texas |
| RRC district | 06 |
| Lease number | 144989 |
| Wellbores | 1 |
| Reported production | 2,424,084 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $196K |
Where RAY, W.E. 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.