GALLO
GALLO is a Texas oil lease in Chambers County, Railroad Commission district 03, operated by Fairways Exploration & Prod, LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2013 to August 2026, totalling 559,715 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 $1.6M, with roughly $427K 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 565 barrels a month. Its strongest month on the record we hold was August 2016, at 3,932 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 GALLO
- Who operates GALLO?
- GALLO is operated by Fairways Exploration & Prod, LLC, Railroad Commission of Texas operator number 259796.
- Where is GALLO?
- GALLO is a Texas oil lease in Chambers County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26272.
- Is GALLO still producing?
- GALLO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GALLO is August 2026.
- How much has GALLO produced?
- GALLO has reported 559,715 barrels of oil (bbl) to the Railroad Commission of Texas between January 2013 and August 2026, from 1 wellbore.
- How much is GALLO worth?
- The remaining production from GALLO is estimated to be worth about $1.6M in total as of 26 August 2026, within a range of $1.2M to $1.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GALLO is a fraction of it. The estimate fits an Arps decline curve to the production GALLO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GALLO is an estimate of value, not an offer and not an appraisal.
- How much income does GALLO generate in a year?
- GALLO is forecast to net about $427K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GALLO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Fairways Exploration & Prod, LLC |
|---|---|
| Field | Gallo (Frio B-15) |
| County | Chambers County, Texas |
| RRC district | 03 |
| Lease number | 26272 |
| Wellbores | 1 |
| Reported production | 559,715 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.6M |
Where GALLO 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.