HERITAGE
HERITAGE is a Texas oil lease in Jack County, Railroad Commission district 09, operated by G & F Oil, Inc. It has 1 wellbore on file with the Commission. Reported production runs from March 2017 to August 2026, totalling 6,009 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 $352K, with roughly $55K 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 34 barrels a month. Its strongest month on the record we hold was May 2017, at 360 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 HERITAGE
- Who operates HERITAGE?
- HERITAGE is operated by G & F Oil, Inc., Railroad Commission of Texas operator number 292000.
- Where is HERITAGE?
- HERITAGE is a Texas oil lease in Jack County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 33627.
- Is HERITAGE still producing?
- HERITAGE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HERITAGE is August 2026.
- How much has HERITAGE produced?
- HERITAGE has reported 6,009 barrels of oil (bbl) to the Railroad Commission of Texas between March 2017 and August 2026, from 1 wellbore.
- How much is HERITAGE worth?
- The remaining production from HERITAGE is estimated to be worth about $352K in total as of 26 August 2026, within a range of $194K to $511K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HERITAGE is a fraction of it. The estimate fits an Arps decline curve to the production HERITAGE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HERITAGE is an estimate of value, not an offer and not an appraisal.
- How much income does HERITAGE generate in a year?
- HERITAGE is forecast to net about $55K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HERITAGE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | G & F Oil, Inc. |
|---|---|
| Field | KRS (Marble Falls) |
| County | Jack County, Texas |
| RRC district | 09 |
| Lease number | 33627 |
| Wellbores | 1 |
| Reported production | 6,009 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $352K |
Where HERITAGE 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.