GULF ESTES
GULF ESTES is a Texas oil lease in Crane County, Railroad Commission district 08, operated by Highland Production Company. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 196,112 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 $980K, with roughly $220K 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 350 barrels a month, about 88 per wellbore. Its strongest month on the record we hold was November 2023, at 496 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 GULF ESTES
- Who operates GULF ESTES?
- GULF ESTES is operated by Highland Production Company, Railroad Commission of Texas operator number 385780.
- Where is GULF ESTES?
- GULF ESTES is a Texas oil lease in Crane County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 30053.
- Is GULF ESTES still producing?
- GULF ESTES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GULF ESTES is August 2026.
- How much has GULF ESTES produced?
- GULF ESTES has reported 196,112 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is GULF ESTES worth?
- The remaining production from GULF ESTES is estimated to be worth about $980K in total as of 27 August 2026, within a range of $764K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GULF ESTES is a fraction of it. The estimate fits an Arps decline curve to the production GULF ESTES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GULF ESTES is an estimate of value, not an offer and not an appraisal.
- How much income does GULF ESTES generate in a year?
- GULF ESTES is forecast to net about $220K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GULF ESTES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Highland Production Company |
|---|---|
| Field | Crawar (Glorieta) |
| County | Crane County, Texas |
| RRC district | 08 |
| Lease number | 30053 |
| Wellbores | 4 |
| Reported production | 196,112 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $980K |
Where GULF ESTES 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.