GAHAGAN, C.P. "C"
GAHAGAN, C.P. "C" is a Texas oil lease in Young County, Railroad Commission district 09, operated by Exorare Energy, Inc. It has 2 wellbores on file with the Commission. Reported production runs from December 1993 to August 2026, totalling 23,231 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 $92K, with roughly $12K 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 5 barrels a month, about 2 per wellbore. Its strongest month on the record we hold was April 2018, at 25 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 GAHAGAN, C.P. "C"
- Who operates GAHAGAN, C.P. "C"?
- GAHAGAN, C.P. "C" is operated by Exorare Energy, Inc., Railroad Commission of Texas operator number 256997.
- Where is GAHAGAN, C.P. "C"?
- GAHAGAN, C.P. "C" is a Texas oil lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 28702.
- Is GAHAGAN, C.P. "C" still producing?
- GAHAGAN, C.P. "C" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GAHAGAN, C.P. "C" is August 2026.
- How much has GAHAGAN, C.P. "C" produced?
- GAHAGAN, C.P. "C" has reported 23,231 barrels of oil (bbl) to the Railroad Commission of Texas between December 1993 and August 2026, from 2 wellbores.
- How much is GAHAGAN, C.P. "C" worth?
- The remaining production from GAHAGAN, C.P. "C" is estimated to be worth about $92K in total as of 26 August 2026, within a range of $0 to $184K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GAHAGAN, C.P. "C" is a fraction of it. The estimate fits an Arps decline curve to the production GAHAGAN, C.P. "C" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GAHAGAN, C.P. "C" is an estimate of value, not an offer and not an appraisal.
- How much income does GAHAGAN, C.P. "C" generate in a year?
- GAHAGAN, C.P. "C" is forecast to net about $12K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GAHAGAN, C.P. "C" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Exorare Energy, Inc. |
|---|---|
| Field | Barnett (Marble Falls, Oil) |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 28702 |
| Wellbores | 2 |
| Reported production | 23,231 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $92K |
Where GAHAGAN, C.P. "C" 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.