GIST
GIST is a Texas oil lease in Ector County, Railroad Commission district 08, operated by Oxy USA WTP LP. It has 1 wellbore on file with the Commission. Reported production runs from October 2004 to August 2026, totalling 378,487 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 $2.9M, with roughly $649K 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 1,119 barrels a month. Its strongest month on the record we hold was December 2017, at 2,363 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 GIST
- Who operates GIST?
- GIST is operated by Oxy USA WTP LP, Railroad Commission of Texas operator number 630555.
- Where is GIST?
- GIST is a Texas oil lease in Ector County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 37443.
- Is GIST still producing?
- GIST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GIST is August 2026.
- How much has GIST produced?
- GIST has reported 378,487 barrels of oil (bbl) to the Railroad Commission of Texas between October 2004 and August 2026, from 1 wellbore.
- How much is GIST worth?
- The remaining production from GIST is estimated to be worth about $2.9M in total as of 26 August 2026, within a range of $2.4M to $3.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GIST is a fraction of it. The estimate fits an Arps decline curve to the production GIST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GIST is an estimate of value, not an offer and not an appraisal.
- How much income does GIST generate in a year?
- GIST is forecast to net about $649K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GIST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA WTP LP |
|---|---|
| Field | Foster (Wolfcamp-Baxter) |
| County | Ector County, Texas |
| RRC district | 08 |
| Lease number | 37443 |
| Wellbores | 1 |
| Reported production | 378,487 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.9M |
Where GIST 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.