GILLEN, IRA
GILLEN, IRA is a Texas gas lease in Leon County, Railroad Commission district 05, operated by Valence Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from October 1999 to August 2026, totalling 3,286,996 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 $261K, with roughly $36K 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 1,554 thousand cubic feet a month. Its strongest month on the record we hold was October 2018, at 9,192 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 GILLEN, IRA
- Who operates GILLEN, IRA?
- GILLEN, IRA is operated by Valence Operating Company, Railroad Commission of Texas operator number 881167.
- Where is GILLEN, IRA?
- GILLEN, IRA is a Texas gas lease in Leon County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 175055.
- Is GILLEN, IRA still producing?
- GILLEN, IRA is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GILLEN, IRA is August 2026.
- How much has GILLEN, IRA produced?
- GILLEN, IRA has reported 3,286,996 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between October 1999 and August 2026, from 1 wellbore.
- How much is GILLEN, IRA worth?
- The remaining production from GILLEN, IRA is estimated to be worth about $261K in total as of 27 August 2026, within a range of $216K to $305K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GILLEN, IRA is a fraction of it. The estimate fits an Arps decline curve to the production GILLEN, IRA has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GILLEN, IRA is an estimate of value, not an offer and not an appraisal.
- How much income does GILLEN, IRA generate in a year?
- GILLEN, IRA is forecast to net about $36K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GILLEN, IRA receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Valence Operating Company |
|---|---|
| Field | Bear Grass (Travis Peak) |
| County | Leon County, Texas |
| RRC district | 05 |
| Lease number | 175055 |
| Wellbores | 1 |
| Reported production | 3,286,996 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $261K |
Where GILLEN, IRA 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.