GILLHAM 1-5 WRD
GILLHAM 1-5 WRD is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Chesapeake Operating, Inc. It has 5 wellbores on file with the Commission. Reported production runs from September 2012 to August 2026, totalling 1,148,478 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 $6.0M, with roughly $1.7M 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 2,551 barrels a month, about 510 per wellbore. Its strongest month on the record we hold was August 2016, at 11,361 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 GILLHAM 1-5 WRD
- Who operates GILLHAM 1-5 WRD?
- GILLHAM 1-5 WRD is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is GILLHAM 1-5 WRD?
- GILLHAM 1-5 WRD is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 42383.
- Is GILLHAM 1-5 WRD still producing?
- GILLHAM 1-5 WRD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GILLHAM 1-5 WRD is August 2026.
- How much has GILLHAM 1-5 WRD produced?
- GILLHAM 1-5 WRD has reported 1,148,478 barrels of oil (bbl) to the Railroad Commission of Texas between September 2012 and August 2026, from 5 wellbores.
- How much is GILLHAM 1-5 WRD worth?
- The remaining production from GILLHAM 1-5 WRD is estimated to be worth about $6.0M in total as of 26 August 2026, within a range of $5.0M to $7.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GILLHAM 1-5 WRD is a fraction of it. The estimate fits an Arps decline curve to the production GILLHAM 1-5 WRD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GILLHAM 1-5 WRD is an estimate of value, not an offer and not an appraisal.
- How much income does GILLHAM 1-5 WRD generate in a year?
- GILLHAM 1-5 WRD is forecast to net about $1.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GILLHAM 1-5 WRD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 42383 |
| Wellbores | 5 |
| Reported production | 1,148,478 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6.0M |
Where GILLHAM 1-5 WRD 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.