GIBSON SOUTH UNIT 15 DIM
GIBSON SOUTH UNIT 15 DIM is a Texas oil lease in Dimmit County, Railroad Commission district 01, operated by Chesapeake Operating, L.L.C. It has 2 wellbores on file with the Commission. Reported production runs from April 2015 to August 2026, totalling 293,091 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 $667K, with roughly $178K 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 316 barrels a month, about 158 per wellbore. Its strongest month on the record we hold was May 2016, at 7,123 barrels. 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 GIBSON SOUTH UNIT 15 DIM
- Who operates GIBSON SOUTH UNIT 15 DIM?
- GIBSON SOUTH UNIT 15 DIM is operated by Chesapeake Operating, L.L.C., Railroad Commission of Texas operator number 147699.
- Where is GIBSON SOUTH UNIT 15 DIM?
- GIBSON SOUTH UNIT 15 DIM is a Texas oil lease in Dimmit County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 18450.
- Is GIBSON SOUTH UNIT 15 DIM still producing?
- GIBSON SOUTH UNIT 15 DIM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GIBSON SOUTH UNIT 15 DIM is August 2026.
- How much has GIBSON SOUTH UNIT 15 DIM produced?
- GIBSON SOUTH UNIT 15 DIM has reported 293,091 barrels of oil (bbl) to the Railroad Commission of Texas between April 2015 and August 2026, from 2 wellbores.
- How much is GIBSON SOUTH UNIT 15 DIM worth?
- The remaining production from GIBSON SOUTH UNIT 15 DIM is estimated to be worth about $667K in total as of 26 August 2026, within a range of $520K to $814K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GIBSON SOUTH UNIT 15 DIM is a fraction of it. The estimate fits an Arps decline curve to the production GIBSON SOUTH UNIT 15 DIM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GIBSON SOUTH UNIT 15 DIM is an estimate of value, not an offer and not an appraisal.
- How much income does GIBSON SOUTH UNIT 15 DIM generate in a year?
- GIBSON SOUTH UNIT 15 DIM is forecast to net about $178K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GIBSON SOUTH UNIT 15 DIM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, L.L.C. |
|---|---|
| Field | Briscoe Ranch (Eagleford) |
| County | Dimmit County, Texas |
| RRC district | 01 |
| Lease number | 18450 |
| Wellbores | 2 |
| Reported production | 293,091 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $667K |
Where GIBSON SOUTH UNIT 15 DIM 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.