JONES, LULA UNIT
JONES, LULA UNIT is a Texas gas lease in Wise County, Railroad Commission district 09, operated by Mitchell Energy Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 462,457 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 $88K, with roughly $13K 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 694 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 838 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 JONES, LULA UNIT
- Who operates JONES, LULA UNIT?
- JONES, LULA UNIT is operated by Mitchell Energy Corporation, Railroad Commission of Texas operator number 570655.
- Where is JONES, LULA UNIT?
- JONES, LULA UNIT is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 084102.
- Is JONES, LULA UNIT still producing?
- JONES, LULA UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for JONES, LULA UNIT is August 2026.
- How much has JONES, LULA UNIT produced?
- JONES, LULA UNIT has reported 462,457 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is JONES, LULA UNIT worth?
- The remaining production from JONES, LULA UNIT is estimated to be worth about $88K in total as of 26 August 2026, within a range of $69K to $107K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in JONES, LULA UNIT is a fraction of it. The estimate fits an Arps decline curve to the production JONES, LULA UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for JONES, LULA UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does JONES, LULA UNIT generate in a year?
- JONES, LULA UNIT is forecast to net about $13K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in JONES, LULA UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mitchell Energy Corporation |
|---|---|
| Field | Boonsville (Bend Congl., Gas) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 084102 |
| Wellbores | 1 |
| Reported production | 462,457 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $88K |
Where JONES, LULA 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.