OATES GAS UNIT
OATES GAS UNIT is a Texas gas lease in Wise County, Railroad Commission district 09, operated by Tema Oil And Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from June 2005 to August 2026, totalling 437,111 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 $6K, with roughly $703 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 39 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 1,452 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 45% 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 OATES GAS UNIT
- Who operates OATES GAS UNIT?
- OATES GAS UNIT is operated by Tema Oil And Gas Company, Railroad Commission of Texas operator number 841329.
- Where is OATES GAS UNIT?
- OATES GAS UNIT is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 209940.
- Is OATES GAS UNIT still producing?
- OATES GAS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OATES GAS UNIT is August 2026.
- How much has OATES GAS UNIT produced?
- OATES GAS UNIT has reported 437,111 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2005 and August 2026, from 1 wellbore.
- How much is OATES GAS UNIT worth?
- The remaining production from OATES GAS UNIT is estimated to be worth about $6K in total as of 26 August 2026, within a range of $3K to $8K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OATES GAS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production OATES GAS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OATES GAS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does OATES GAS UNIT generate in a year?
- OATES GAS UNIT is forecast to net about $703 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in OATES GAS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Tema Oil And Gas Company |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 209940 |
| Wellbores | 1 |
| Reported production | 437,111 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $6K |
Where OATES GAS 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.