GARVEL 01
GARVEL 01 is a Texas gas lease in De Witt County, Railroad Commission district 02, operated by Pioneer Natural Res. USA, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2012 to August 2026, totalling 1,670,412 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 $76K, with roughly $38K 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 691 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 7,450 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 GARVEL 01
- Who operates GARVEL 01?
- GARVEL 01 is operated by Pioneer Natural Res. USA, Inc., Railroad Commission of Texas operator number 665748.
- Where is GARVEL 01?
- GARVEL 01 is a Texas gas lease in De Witt County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 268642.
- Is GARVEL 01 still producing?
- GARVEL 01 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GARVEL 01 is August 2026.
- How much has GARVEL 01 produced?
- GARVEL 01 has reported 1,670,412 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2012 and August 2026, from 1 wellbore.
- How much is GARVEL 01 worth?
- The remaining production from GARVEL 01 is estimated to be worth about $76K in total as of 26 August 2026, within a range of $59K to $93K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GARVEL 01 is a fraction of it. The estimate fits an Arps decline curve to the production GARVEL 01 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GARVEL 01 is an estimate of value, not an offer and not an appraisal.
- How much income does GARVEL 01 generate in a year?
- GARVEL 01 is forecast to net about $38K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GARVEL 01 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pioneer Natural Res. USA, Inc. |
|---|---|
| Field | De Witt (Eagle Ford Shale) |
| County | De Witt County, Texas |
| RRC district | 02 |
| Lease number | 268642 |
| Wellbores | 1 |
| Reported production | 1,670,412 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $76K |
Where GARVEL 01 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.