GUNN
GUNN is a Texas oil lease in Milam County, Railroad Commission district 01, operated by Cole, Frank W Engineering. It has 2 wellbores on file with the Commission. Reported production runs from December 2001 to August 2026, totalling 15,032 barrels. 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 $303K, with roughly $58K 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 83 barrels a month, about 41 per wellbore. Its strongest month on the record we hold was March 2025, at 195 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 GUNN
- Who operates GUNN?
- GUNN is operated by Cole, Frank W Engineering, Railroad Commission of Texas operator number 167054.
- Where is GUNN?
- GUNN is a Texas oil lease in Milam County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 14377.
- Is GUNN still producing?
- GUNN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GUNN is August 2026.
- How much has GUNN produced?
- GUNN has reported 15,032 barrels of oil (bbl) to the Railroad Commission of Texas between December 2001 and August 2026, from 2 wellbores.
- How much is GUNN worth?
- The remaining production from GUNN is estimated to be worth about $303K in total as of 26 August 2026, within a range of $167K to $439K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GUNN is a fraction of it. The estimate fits an Arps decline curve to the production GUNN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GUNN is an estimate of value, not an offer and not an appraisal.
- How much income does GUNN generate in a year?
- GUNN is forecast to net about $58K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GUNN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cole, Frank W Engineering |
|---|---|
| Field | Midway (2300 Oil) |
| County | Milam County, Texas |
| RRC district | 01 |
| Lease number | 14377 |
| Wellbores | 2 |
| Reported production | 15,032 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $303K |
Where GUNN 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.