NEAL-GARBS UNIT
NEAL-GARBS UNIT is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by Williams, Clayton Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1997 to August 2026, totalling 176,371 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 $668K, with roughly $190K 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 352 barrels a month. Its strongest month on the record we hold was August 2017, at 1,127 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 NEAL-GARBS UNIT
- Who operates NEAL-GARBS UNIT?
- NEAL-GARBS UNIT is operated by Williams, Clayton Energy, Inc., Railroad Commission of Texas operator number 924624.
- Where is NEAL-GARBS UNIT?
- NEAL-GARBS UNIT is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23169.
- Is NEAL-GARBS UNIT still producing?
- NEAL-GARBS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NEAL-GARBS UNIT is August 2026.
- How much has NEAL-GARBS UNIT produced?
- NEAL-GARBS UNIT has reported 176,371 barrels of oil (bbl) to the Railroad Commission of Texas between January 1997 and August 2026, from 1 wellbore.
- How much is NEAL-GARBS UNIT worth?
- The remaining production from NEAL-GARBS UNIT is estimated to be worth about $668K in total as of 26 August 2026, within a range of $521K to $815K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NEAL-GARBS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production NEAL-GARBS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NEAL-GARBS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does NEAL-GARBS UNIT generate in a year?
- NEAL-GARBS UNIT is forecast to net about $190K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in NEAL-GARBS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Williams, Clayton Energy, Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 23169 |
| Wellbores | 1 |
| Reported production | 176,371 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $668K |
Where NEAL-GARBS UNIT 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.