T.E. GIBSON, JR. UNIT 1

T.E. GIBSON, JR. UNIT 1 is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by Exxon Corp. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 244,364 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 $301K 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 382 barrels a month, about 191 per wellbore. Its strongest month on the record we hold was October 2018, at 1,458 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 T.E. GIBSON, JR. UNIT 1

Who operates T.E. GIBSON, JR. UNIT 1?: T.E. GIBSON, JR. UNIT 1 is operated by Exxon Corp., Railroad Commission of Texas operator number 257097.
Where is T.E. GIBSON, JR. UNIT 1?: T.E. GIBSON, JR. UNIT 1 is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 21317.
Is T.E. GIBSON, JR. UNIT 1 still producing?: T.E. GIBSON, JR. UNIT 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for T.E. GIBSON, JR. UNIT 1 is August 2026.
How much has T.E. GIBSON, JR. UNIT 1 produced?: T.E. GIBSON, JR. UNIT 1 has reported 244,364 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
How much is T.E. GIBSON, JR. UNIT 1 worth?: The remaining production from T.E. GIBSON, JR. UNIT 1 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 T.E. GIBSON, JR. UNIT 1 is a fraction of it. The estimate fits an Arps decline curve to the production T.E. GIBSON, JR. UNIT 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for T.E. GIBSON, JR. UNIT 1 is an estimate of value, not an offer and not an appraisal.
How much income does T.E. GIBSON, JR. UNIT 1 generate in a year?: T.E. GIBSON, JR. UNIT 1 is forecast to net about $301K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in T.E. GIBSON, JR. UNIT 1 receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

T.E. GIBSON, JR. UNIT 1 as filed with the Railroad Commission of Texas
Operator	Exxon Corp.
Field	Giddings (Austin Chalk-3)
County	Burleson County, Texas
RRC district	03
Lease number	21317
Wellbores	2
Reported production	244,364 bbl
First reported	January 1993
Last reported	August 2026
Estimated royalty value	$1.3M

Where T.E. GIBSON, JR. UNIT 1 sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 26 August 2026.

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.