GIBBONS, J.E.
GIBBONS, J.E. is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Grayson Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from September 1997 to August 2026, totalling 45,246 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 $196K, with roughly $38K 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 43 barrels a month. Its strongest month on the record we hold was December 2021, at 475 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 GIBBONS, J.E.
- Who operates GIBBONS, J.E.?
- GIBBONS, J.E. is operated by Grayson Petroleum Company, Railroad Commission of Texas operator number 328325.
- Where is GIBBONS, J.E.?
- GIBBONS, J.E. is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 29381.
- Is GIBBONS, J.E. still producing?
- GIBBONS, J.E. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GIBBONS, J.E. is August 2026.
- How much has GIBBONS, J.E. produced?
- GIBBONS, J.E. has reported 45,246 barrels of oil (bbl) to the Railroad Commission of Texas between September 1997 and August 2026, from 1 wellbore.
- How much is GIBBONS, J.E. worth?
- The remaining production from GIBBONS, J.E. is estimated to be worth about $196K in total as of 26 August 2026, within a range of $108K to $284K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GIBBONS, J.E. is a fraction of it. The estimate fits an Arps decline curve to the production GIBBONS, J.E. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GIBBONS, J.E. is an estimate of value, not an offer and not an appraisal.
- How much income does GIBBONS, J.E. generate in a year?
- GIBBONS, J.E. is forecast to net about $38K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GIBBONS, J.E. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Grayson Petroleum Company |
|---|---|
| Field | Southmayd, North (Baker-Viola) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 29381 |
| Wellbores | 1 |
| Reported production | 45,246 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $196K |
Where GIBBONS, J.E. 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.