SNELL, GAYLE
SNELL, GAYLE is a Texas oil lease in Fayette County, Railroad Commission district 03, operated by Columbia Gas Development Corp. It has 1 wellbore on file with the Commission. Reported production runs from May 1994 to August 2026, totalling 367,754 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 $288K, with roughly $54K 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 72 barrels a month. Its strongest month on the record we hold was June 2020, at 360 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 SNELL, GAYLE
- Who operates SNELL, GAYLE?
- SNELL, GAYLE is operated by Columbia Gas Development Corp., Railroad Commission of Texas operator number 169230.
- Where is SNELL, GAYLE?
- SNELL, GAYLE is a Texas oil lease in Fayette County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 22474.
- Is SNELL, GAYLE still producing?
- SNELL, GAYLE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for SNELL, GAYLE is August 2026.
- How much has SNELL, GAYLE produced?
- SNELL, GAYLE has reported 367,754 barrels of oil (bbl) to the Railroad Commission of Texas between May 1994 and August 2026, from 1 wellbore.
- How much is SNELL, GAYLE worth?
- The remaining production from SNELL, GAYLE is estimated to be worth about $288K in total as of 27 August 2026, within a range of $159K to $418K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in SNELL, GAYLE is a fraction of it. The estimate fits an Arps decline curve to the production SNELL, GAYLE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for SNELL, GAYLE is an estimate of value, not an offer and not an appraisal.
- How much income does SNELL, GAYLE generate in a year?
- SNELL, GAYLE is forecast to net about $54K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in SNELL, GAYLE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Columbia Gas Development Corp. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Fayette County, Texas |
| RRC district | 03 |
| Lease number | 22474 |
| Wellbores | 1 |
| Reported production | 367,754 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $288K |
Where SNELL, GAYLE 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.