GIGI STATE 12-13-2N
GIGI STATE 12-13-2N is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Oxy USA WTP LP. It has 1 wellbore on file with the Commission. Reported production runs from December 2019 to August 2026, totalling 578,985 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 $4.0M, with roughly $1.3M 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 2,257 barrels a month. Its strongest month on the record we hold was January 2020, at 57,087 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 GIGI STATE 12-13-2N
- Who operates GIGI STATE 12-13-2N?
- GIGI STATE 12-13-2N is operated by Oxy USA WTP LP, Railroad Commission of Texas operator number 630555.
- Where is GIGI STATE 12-13-2N?
- GIGI STATE 12-13-2N is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 54233.
- Is GIGI STATE 12-13-2N still producing?
- GIGI STATE 12-13-2N is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GIGI STATE 12-13-2N is August 2026.
- How much has GIGI STATE 12-13-2N produced?
- GIGI STATE 12-13-2N has reported 578,985 barrels of oil (bbl) to the Railroad Commission of Texas between December 2019 and August 2026, from 1 wellbore.
- How much is GIGI STATE 12-13-2N worth?
- The remaining production from GIGI STATE 12-13-2N is estimated to be worth about $4.0M in total as of 26 August 2026, within a range of $3.3M to $4.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GIGI STATE 12-13-2N is a fraction of it. The estimate fits an Arps decline curve to the production GIGI STATE 12-13-2N has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GIGI STATE 12-13-2N is an estimate of value, not an offer and not an appraisal.
- How much income does GIGI STATE 12-13-2N generate in a year?
- GIGI STATE 12-13-2N is forecast to net about $1.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GIGI STATE 12-13-2N receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA WTP LP |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 54233 |
| Wellbores | 1 |
| Reported production | 578,985 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $4.0M |
Where GIGI STATE 12-13-2N 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.