GIBBS ESTATE (AW)
GIBBS ESTATE (AW) is a Texas gas lease in Wise County, Railroad Commission district 09, operated by Bedrock Production, LLC. It has 1 wellbore on file with the Commission. Reported production runs from February 2021 to August 2026, totalling 3,555,309 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 $3.7M, with roughly $654K 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 27,691 thousand cubic feet a month. Its strongest month on the record we hold was March 2021, at 169,403 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 GIBBS ESTATE (AW)
- Who operates GIBBS ESTATE (AW)?
- GIBBS ESTATE (AW) is operated by Bedrock Production, LLC, Railroad Commission of Texas operator number 061620.
- Where is GIBBS ESTATE (AW)?
- GIBBS ESTATE (AW) is a Texas gas lease in Wise County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 291010.
- Is GIBBS ESTATE (AW) still producing?
- GIBBS ESTATE (AW) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GIBBS ESTATE (AW) is August 2026.
- How much has GIBBS ESTATE (AW) produced?
- GIBBS ESTATE (AW) has reported 3,555,309 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2021 and August 2026, from 1 wellbore.
- How much is GIBBS ESTATE (AW) worth?
- The remaining production from GIBBS ESTATE (AW) is estimated to be worth about $3.7M in total as of 26 August 2026, within a range of $3.0M to $4.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GIBBS ESTATE (AW) is a fraction of it. The estimate fits an Arps decline curve to the production GIBBS ESTATE (AW) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GIBBS ESTATE (AW) is an estimate of value, not an offer and not an appraisal.
- How much income does GIBBS ESTATE (AW) generate in a year?
- GIBBS ESTATE (AW) is forecast to net about $654K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GIBBS ESTATE (AW) receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bedrock Production, LLC |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Wise County, Texas |
| RRC district | 09 |
| Lease number | 291010 |
| Wellbores | 1 |
| Reported production | 3,555,309 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.7M |
Where GIBBS ESTATE (AW) 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.