M. GILBY ET AL OIL UNIT
M. GILBY ET AL OIL UNIT is a Texas oil lease in Galveston County, Railroad Commission district 03, operated by Hunt, Hassie Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from July 2006 to August 2026, totalling 22,188 barrels. The lease is intermittent. 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 $875K, with roughly $168K 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 298 barrels a month. Its strongest month on the record we hold was August 2025, at 1,134 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 M. GILBY ET AL OIL UNIT
- Who operates M. GILBY ET AL OIL UNIT?
- M. GILBY ET AL OIL UNIT is operated by Hunt, Hassie Exploration Company, Railroad Commission of Texas operator number 415290.
- Where is M. GILBY ET AL OIL UNIT?
- M. GILBY ET AL OIL UNIT is a Texas oil lease in Galveston County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24870.
- Is M. GILBY ET AL OIL UNIT still producing?
- M. GILBY ET AL OIL UNIT is intermittent. The most recent month of production reported to the Railroad Commission of Texas for M. GILBY ET AL OIL UNIT is August 2026.
- How much has M. GILBY ET AL OIL UNIT produced?
- M. GILBY ET AL OIL UNIT has reported 22,188 barrels of oil (bbl) to the Railroad Commission of Texas between July 2006 and August 2026, from 1 wellbore.
- How much is M. GILBY ET AL OIL UNIT worth?
- The remaining production from M. GILBY ET AL OIL UNIT is estimated to be worth about $875K in total as of 27 August 2026, within a range of $682K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in M. GILBY ET AL OIL UNIT is a fraction of it. The estimate fits an Arps decline curve to the production M. GILBY ET AL OIL UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for M. GILBY ET AL OIL UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does M. GILBY ET AL OIL UNIT generate in a year?
- M. GILBY ET AL OIL UNIT is forecast to net about $168K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in M. GILBY ET AL OIL UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hunt, Hassie Exploration Company |
|---|---|
| Field | Franks (Rycade) |
| County | Galveston County, Texas |
| RRC district | 03 |
| Lease number | 24870 |
| Wellbores | 1 |
| Reported production | 22,188 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $875K |
Where M. GILBY ET AL OIL 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.