GEMINI 12-1
GEMINI 12-1 is a Texas oil lease in Dawson County, Railroad Commission district 08, operated by Pinon Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from July 2022 to August 2026, totalling 758,520 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 $19.9M, with roughly $4.7M 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 8,408 barrels a month, about 4,204 per wellbore. Its strongest month on the record we hold was August 2022, at 105,363 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 GEMINI 12-1
- Who operates GEMINI 12-1?
- GEMINI 12-1 is operated by Pinon Operating, LLC, Railroad Commission of Texas operator number 665699.
- Where is GEMINI 12-1?
- GEMINI 12-1 is a Texas oil lease in Dawson County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 59929.
- Is GEMINI 12-1 still producing?
- GEMINI 12-1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GEMINI 12-1 is August 2026.
- How much has GEMINI 12-1 produced?
- GEMINI 12-1 has reported 758,520 barrels of oil (bbl) to the Railroad Commission of Texas between July 2022 and August 2026, from 2 wellbores.
- How much is GEMINI 12-1 worth?
- The remaining production from GEMINI 12-1 is estimated to be worth about $19.9M in total as of 26 August 2026, within a range of $16.6M to $23.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GEMINI 12-1 is a fraction of it. The estimate fits an Arps decline curve to the production GEMINI 12-1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GEMINI 12-1 is an estimate of value, not an offer and not an appraisal.
- How much income does GEMINI 12-1 generate in a year?
- GEMINI 12-1 is forecast to net about $4.7M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GEMINI 12-1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Pinon Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Dawson County, Texas |
| RRC district | 08 |
| Lease number | 59929 |
| Wellbores | 2 |
| Reported production | 758,520 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $19.9M |
Where GEMINI 12-1 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.