GOAD
GOAD is a Texas oil lease in Clay County, Railroad Commission district 09, operated by Ruwco Oil And Gas Corp. It has 2 wellbores on file with the Commission. Reported production runs from June 1994 to August 2026, totalling 93,544 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 $13K, with roughly $3K 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 3 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was May 2017, at 30 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 GOAD
- Who operates GOAD?
- GOAD is operated by Ruwco Oil And Gas Corp., Railroad Commission of Texas operator number 739825.
- Where is GOAD?
- GOAD is a Texas oil lease in Clay County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 28794.
- Is GOAD still producing?
- GOAD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOAD is August 2026.
- How much has GOAD produced?
- GOAD has reported 93,544 barrels of oil (bbl) to the Railroad Commission of Texas between June 1994 and August 2026, from 2 wellbores.
- How much is GOAD worth?
- The remaining production from GOAD is estimated to be worth about $13K in total as of 26 August 2026, within a range of $0 to $26K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOAD is a fraction of it. The estimate fits an Arps decline curve to the production GOAD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOAD is an estimate of value, not an offer and not an appraisal.
- How much income does GOAD generate in a year?
- GOAD is forecast to net about $3K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GOAD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ruwco Oil And Gas Corp. |
|---|---|
| Field | Joy (Mississippi Lime) |
| County | Clay County, Texas |
| RRC district | 09 |
| Lease number | 28794 |
| Wellbores | 2 |
| Reported production | 93,544 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $13K |
Where GOAD 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.