GIBSON SOUTH UNIT 17 DIM
GIBSON SOUTH UNIT 17 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 273,611 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 $1.3M, with roughly $294K 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 397 barrels a month, about 198 per wellbore. Its strongest month on the record we hold was May 2016, at 5,285 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 17 DIM
- Who operates GIBSON SOUTH UNIT 17 DIM?
- GIBSON SOUTH UNIT 17 DIM is operated by Chesapeake Operating, L.L.C., Railroad Commission of Texas operator number 147699.
- Where is GIBSON SOUTH UNIT 17 DIM?
- GIBSON SOUTH UNIT 17 DIM is a Texas oil lease in Dimmit County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 18453.
- Is GIBSON SOUTH UNIT 17 DIM still producing?
- GIBSON SOUTH UNIT 17 DIM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GIBSON SOUTH UNIT 17 DIM is August 2026.
- How much has GIBSON SOUTH UNIT 17 DIM produced?
- GIBSON SOUTH UNIT 17 DIM has reported 273,611 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 17 DIM worth?
- The remaining production from GIBSON SOUTH UNIT 17 DIM is estimated to be worth about $1.3M in total as of 26 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GIBSON SOUTH UNIT 17 DIM is a fraction of it. The estimate fits an Arps decline curve to the production GIBSON SOUTH UNIT 17 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 17 DIM is an estimate of value, not an offer and not an appraisal.
- How much income does GIBSON SOUTH UNIT 17 DIM generate in a year?
- GIBSON SOUTH UNIT 17 DIM is forecast to net about $294K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GIBSON SOUTH UNIT 17 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 | 18453 |
| Wellbores | 2 |
| Reported production | 273,611 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where GIBSON SOUTH UNIT 17 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.