GIST UNIT
GIST UNIT is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Conoco Inc. It has 155 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 4,581,267 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 $11.3M, with roughly $2.6M 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 3,674 barrels a month, about 24 per wellbore. Its strongest month on the record we hold was March 2017, at 8,475 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 GIST UNIT
- Who operates GIST UNIT?
- GIST UNIT is operated by Conoco Inc., Railroad Commission of Texas operator number 172230.
- Where is GIST UNIT?
- GIST UNIT is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 19373.
- Is GIST UNIT still producing?
- GIST UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GIST UNIT is August 2026.
- How much has GIST UNIT produced?
- GIST UNIT has reported 4,581,267 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 155 wellbores.
- How much is GIST UNIT worth?
- The remaining production from GIST UNIT is estimated to be worth about $11.3M in total as of 27 August 2026, within a range of $9.4M to $13.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GIST UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GIST UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GIST UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GIST UNIT generate in a year?
- GIST UNIT is forecast to net about $2.6M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GIST UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conoco Inc. |
|---|---|
| Field | Foster |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 19373 |
| Wellbores | 155 |
| Reported production | 4,581,267 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $11.3M |
Where GIST 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.