LT. GIBSON 1 STATE
LT. GIBSON 1 STATE is a Texas gas lease in Culberson County, Railroad Commission district 08, operated by Cimarex Energy Co. It has 1 wellbore on file with the Commission. Reported production runs from September 2022 to August 2026, totalling 2,948,126 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 $1.4M, with roughly $843K 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 31,339 thousand cubic feet a month. Its strongest month on the record we hold was May 2023, at 168,149 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 18% 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 LT. GIBSON 1 STATE
- Who operates LT. GIBSON 1 STATE?
- LT. GIBSON 1 STATE is operated by Cimarex Energy Co., Railroad Commission of Texas operator number 153438.
- Where is LT. GIBSON 1 STATE?
- LT. GIBSON 1 STATE is a Texas gas lease in Culberson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 293988.
- Is LT. GIBSON 1 STATE still producing?
- LT. GIBSON 1 STATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LT. GIBSON 1 STATE is August 2026.
- How much has LT. GIBSON 1 STATE produced?
- LT. GIBSON 1 STATE has reported 2,948,126 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between September 2022 and August 2026, from 1 wellbore.
- How much is LT. GIBSON 1 STATE worth?
- The remaining production from LT. GIBSON 1 STATE is estimated to be worth about $1.4M in total as of 27 August 2026, within a range of $1.2M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LT. GIBSON 1 STATE is a fraction of it. The estimate fits an Arps decline curve to the production LT. GIBSON 1 STATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LT. GIBSON 1 STATE is an estimate of value, not an offer and not an appraisal.
- How much income does LT. GIBSON 1 STATE generate in a year?
- LT. GIBSON 1 STATE is forecast to net about $843K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LT. GIBSON 1 STATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cimarex Energy Co. |
|---|---|
| Field | Sandbar (Bone Spring) |
| County | Culberson County, Texas |
| RRC district | 08 |
| Lease number | 293988 |
| Wellbores | 1 |
| Reported production | 2,948,126 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where LT. GIBSON 1 STATE 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.