GLASS, G.W. "B"
GLASS, G.W. "B" is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Thompson, J. Cleo. It has 20 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,034,886 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 $3.1M, with roughly $813K 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 1,204 barrels a month, about 60 per wellbore. Its strongest month on the record we hold was August 2016, at 5,098 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 GLASS, G.W. "B"
- Who operates GLASS, G.W. "B"?
- GLASS, G.W. "B" is operated by Thompson, J. Cleo, Railroad Commission of Texas operator number 855610.
- Where is GLASS, G.W. "B"?
- GLASS, G.W. "B" is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 23078.
- Is GLASS, G.W. "B" still producing?
- GLASS, G.W. "B" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GLASS, G.W. "B" is August 2026.
- How much has GLASS, G.W. "B" produced?
- GLASS, G.W. "B" has reported 1,034,886 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 20 wellbores.
- How much is GLASS, G.W. "B" worth?
- The remaining production from GLASS, G.W. "B" is estimated to be worth about $3.1M in total as of 26 August 2026, within a range of $2.6M to $3.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GLASS, G.W. "B" is a fraction of it. The estimate fits an Arps decline curve to the production GLASS, G.W. "B" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GLASS, G.W. "B" is an estimate of value, not an offer and not an appraisal.
- How much income does GLASS, G.W. "B" generate in a year?
- GLASS, G.W. "B" is forecast to net about $813K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GLASS, G.W. "B" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Thompson, J. Cleo |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 23078 |
| Wellbores | 20 |
| Reported production | 1,034,886 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.1M |
Where GLASS, G.W. "B" 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.