GILBERT UNIT
GILBERT UNIT is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Quail Ridge Operating Llc. It has 3 wellbores on file with the Commission. Reported production runs from May 2024 to August 2026, totalling 66,839 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $42K, with roughly $14K expected over the next twelve months.
| Operator | Quail Ridge Operating Llc |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 34285 |
| Wellbores | 3 |
| Reported production | 66,839 bbl |
| First reported | May 2024 |
| Last reported | August 2026 |
| Estimated royalty value | $42K |
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.