GIBSON, CHARLES
GIBSON, CHARLES is a Texas oil lease in Cooke County, Railroad Commission district 09, operated by Mcmurrey, R. J., Production Comp. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 38,931 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 $70K, with roughly $13K 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 17 barrels a month, about 6 per wellbore. Its strongest month on the record we hold was July 2016, at 119 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 GIBSON, CHARLES
- Who operates GIBSON, CHARLES?
- GIBSON, CHARLES is operated by Mcmurrey, R. J., Production Comp, Railroad Commission of Texas operator number 554750.
- Where is GIBSON, CHARLES?
- GIBSON, CHARLES is a Texas oil lease in Cooke County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 16589.
- Is GIBSON, CHARLES still producing?
- GIBSON, CHARLES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GIBSON, CHARLES is August 2026.
- How much has GIBSON, CHARLES produced?
- GIBSON, CHARLES has reported 38,931 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is GIBSON, CHARLES worth?
- The remaining production from GIBSON, CHARLES is estimated to be worth about $70K in total as of 27 August 2026, within a range of $38K to $101K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GIBSON, CHARLES is a fraction of it. The estimate fits an Arps decline curve to the production GIBSON, CHARLES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GIBSON, CHARLES is an estimate of value, not an offer and not an appraisal.
- How much income does GIBSON, CHARLES generate in a year?
- GIBSON, CHARLES is forecast to net about $13K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GIBSON, CHARLES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mcmurrey, R. J., Production Comp |
|---|---|
| Field | Cooke County Regular |
| County | Cooke County, Texas |
| RRC district | 09 |
| Lease number | 16589 |
| Wellbores | 3 |
| Reported production | 38,931 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $70K |
Where GIBSON, CHARLES 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.