GOLDAPP
GOLDAPP is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Marathon Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from November 2004 to August 2026, totalling 49,745 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 $216K 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 151 barrels a month. Its strongest month on the record we hold was December 2022, at 628 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 GOLDAPP
- Who operates GOLDAPP?
- GOLDAPP is operated by Marathon Oil Company, Railroad Commission of Texas operator number 525380.
- Where is GOLDAPP?
- GOLDAPP is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24801.
- Is GOLDAPP still producing?
- GOLDAPP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOLDAPP is August 2026.
- How much has GOLDAPP produced?
- GOLDAPP has reported 49,745 barrels of oil (bbl) to the Railroad Commission of Texas between November 2004 and August 2026, from 1 wellbore.
- How much is GOLDAPP worth?
- The remaining production from GOLDAPP is estimated to be worth about $1.3M in total as of 27 August 2026, within a range of $992K to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOLDAPP is a fraction of it. The estimate fits an Arps decline curve to the production GOLDAPP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOLDAPP is an estimate of value, not an offer and not an appraisal.
- How much income does GOLDAPP generate in a year?
- GOLDAPP is forecast to net about $216K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GOLDAPP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Marathon Oil Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 24801 |
| Wellbores | 1 |
| Reported production | 49,745 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where GOLDAPP 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.