GILLAND
GILLAND is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Heiser, Harvey. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 15,523 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 $94K, with roughly $18K 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 27 barrels a month, about 9 per wellbore. Its strongest month on the record we hold was June 2016, at 159 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 GILLAND
- Who operates GILLAND?
- GILLAND is operated by Heiser, Harvey, Railroad Commission of Texas operator number 373539.
- Where is GILLAND?
- GILLAND is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 12670.
- Is GILLAND still producing?
- GILLAND is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GILLAND is August 2026.
- How much has GILLAND produced?
- GILLAND has reported 15,523 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is GILLAND worth?
- The remaining production from GILLAND is estimated to be worth about $94K in total as of 27 August 2026, within a range of $52K to $136K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GILLAND is a fraction of it. The estimate fits an Arps decline curve to the production GILLAND has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GILLAND is an estimate of value, not an offer and not an appraisal.
- How much income does GILLAND generate in a year?
- GILLAND is forecast to net about $18K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GILLAND receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Heiser, Harvey |
|---|---|
| Field | Mcelroy |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 12670 |
| Wellbores | 3 |
| Reported production | 15,523 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $94K |
Where GILLAND 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.