OLDENBURG B
OLDENBURG B is a Texas gas lease in Fayette County, Railroad Commission district 03, operated by Gemini Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1994 to August 2026, totalling 5,991,543 thousand cubic feet. 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 $22K, with roughly $7K 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 406 thousand cubic feet a month. Its strongest month on the record we hold was March 2017, at 3,287 thousand cubic feet. 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 OLDENBURG B
- Who operates OLDENBURG B?
- OLDENBURG B is operated by Gemini Exploration Company, Railroad Commission of Texas operator number 298891.
- Where is OLDENBURG B?
- OLDENBURG B is a Texas gas lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 148592.
- Is OLDENBURG B still producing?
- OLDENBURG B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OLDENBURG B is August 2026.
- How much has OLDENBURG B produced?
- OLDENBURG B has reported 5,991,543 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1994 and August 2026, from 1 wellbore.
- How much is OLDENBURG B worth?
- The remaining production from OLDENBURG B is estimated to be worth about $22K in total as of 27 August 2026, within a range of $17K to $26K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OLDENBURG B is a fraction of it. The estimate fits an Arps decline curve to the production OLDENBURG B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OLDENBURG B is an estimate of value, not an offer and not an appraisal.
- How much income does OLDENBURG B generate in a year?
- OLDENBURG B is forecast to net about $7K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in OLDENBURG B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gemini Exploration Company |
|---|---|
| Field | Giddings (Austin Chalk, Gas) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 148592 |
| Wellbores | 1 |
| Reported production | 5,991,543 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $22K |
Where OLDENBURG B 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.