THOMAS
THOMAS is a Texas gas lease in Wheeler County, Railroad Commission district 10, operated by Pogo Panhandle 2004, L.P. It has 1 wellbore on file with the Commission. Reported production runs from March 2008 to August 2026, totalling 592,351 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 $34K, with roughly $12K 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 687 thousand cubic feet a month. Its strongest month on the record we hold was May 2021, at 6,206 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 THOMAS
- Who operates THOMAS?
- THOMAS is operated by Pogo Panhandle 2004, L.P., Railroad Commission of Texas operator number 668898.
- Where is THOMAS?
- THOMAS is a Texas gas lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 239332.
- Is THOMAS still producing?
- THOMAS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for THOMAS is August 2026.
- How much has THOMAS produced?
- THOMAS has reported 592,351 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2008 and August 2026, from 1 wellbore.
- How much is THOMAS worth?
- The remaining production from THOMAS is estimated to be worth about $34K in total as of 26 August 2026, within a range of $26K to $41K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in THOMAS is a fraction of it. The estimate fits an Arps decline curve to the production THOMAS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for THOMAS is an estimate of value, not an offer and not an appraisal.
- How much income does THOMAS generate in a year?
- THOMAS is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in THOMAS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pogo Panhandle 2004, L.P. |
|---|---|
| Field | Stiles Ranch (Atoka) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 239332 |
| Wellbores | 1 |
| Reported production | 592,351 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $34K |
Where THOMAS 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.