PURL, OLLIE
PURL, OLLIE is a Texas gas lease in Nueces County, Railroad Commission district 04, operated by Gillring Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 397,824 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 $94K, with roughly $16K 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 428 thousand cubic feet a month. Its strongest month on the record we hold was August 2024, at 3,531 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 PURL, OLLIE
- Who operates PURL, OLLIE?
- PURL, OLLIE is operated by Gillring Oil Company, Railroad Commission of Texas operator number 306400.
- Where is PURL, OLLIE?
- PURL, OLLIE is a Texas gas lease in Nueces County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 039087.
- Is PURL, OLLIE still producing?
- PURL, OLLIE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for PURL, OLLIE is August 2026.
- How much has PURL, OLLIE produced?
- PURL, OLLIE has reported 397,824 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is PURL, OLLIE worth?
- The remaining production from PURL, OLLIE is estimated to be worth about $94K in total as of 27 August 2026, within a range of $73K to $114K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in PURL, OLLIE is a fraction of it. The estimate fits an Arps decline curve to the production PURL, OLLIE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for PURL, OLLIE is an estimate of value, not an offer and not an appraisal.
- How much income does PURL, OLLIE generate in a year?
- PURL, OLLIE is forecast to net about $16K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in PURL, OLLIE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gillring Oil Company |
|---|---|
| Field | Agua Dulce (5600) |
| County | Nueces County, Texas |
| RRC district | 04 |
| Lease number | 039087 |
| Wellbores | 1 |
| Reported production | 397,824 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $94K |
Where PURL, OLLIE 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.