EASTERWOOD
EASTERWOOD is a Texas oil lease in Burleson County, Railroad Commission district 03, operated by Gemini Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 398,810 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 $236K, with roughly $137K 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 357 barrels a month. Its strongest month on the record we hold was September 2024, at 1,239 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 EASTERWOOD
- Who operates EASTERWOOD?
- EASTERWOOD is operated by Gemini Exploration Company, Railroad Commission of Texas operator number 298891.
- Where is EASTERWOOD?
- EASTERWOOD is a Texas oil lease in Burleson County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 18593.
- Is EASTERWOOD still producing?
- EASTERWOOD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for EASTERWOOD is August 2026.
- How much has EASTERWOOD produced?
- EASTERWOOD has reported 398,810 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is EASTERWOOD worth?
- The remaining production from EASTERWOOD is estimated to be worth about $236K in total as of 27 August 2026, within a range of $184K to $288K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in EASTERWOOD is a fraction of it. The estimate fits an Arps decline curve to the production EASTERWOOD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for EASTERWOOD is an estimate of value, not an offer and not an appraisal.
- How much income does EASTERWOOD generate in a year?
- EASTERWOOD is forecast to net about $137K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in EASTERWOOD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gemini Exploration Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Burleson County, Texas |
| RRC district | 03 |
| Lease number | 18593 |
| Wellbores | 1 |
| Reported production | 398,810 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $236K |
Where EASTERWOOD 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.