AFG UNIT
AFG UNIT is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by Giebel Petroleum Ltd. It has 28 wellbores on file with the Commission. Reported production runs from April 2004 to August 2026, totalling 1,334,596 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 $7.0M, with roughly $1.6M 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 2,305 barrels a month, about 82 per wellbore. Its strongest month on the record we hold was May 2016, at 5,061 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 AFG UNIT
- Who operates AFG UNIT?
- AFG UNIT is operated by Giebel Petroleum Ltd., Railroad Commission of Texas operator number 304280.
- Where is AFG UNIT?
- AFG UNIT is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68662.
- Is AFG UNIT still producing?
- AFG UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for AFG UNIT is August 2026.
- How much has AFG UNIT produced?
- AFG UNIT has reported 1,334,596 barrels of oil (bbl) to the Railroad Commission of Texas between April 2004 and August 2026, from 28 wellbores.
- How much is AFG UNIT worth?
- The remaining production from AFG UNIT is estimated to be worth about $7.0M in total as of 26 August 2026, within a range of $5.8M to $8.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in AFG UNIT is a fraction of it. The estimate fits an Arps decline curve to the production AFG UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for AFG UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does AFG UNIT generate in a year?
- AFG UNIT is forecast to net about $1.6M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in AFG UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Giebel Petroleum Ltd. |
|---|---|
| Field | Giebel (Cfa) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 68662 |
| Wellbores | 28 |
| Reported production | 1,334,596 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.0M |
Where AFG UNIT 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.