GILES
GILES is a Texas oil lease in Garza County, Railroad Commission district 8A, operated by Cholla Petroleum, Inc. It has 16 wellbores on file with the Commission. Reported production runs from August 2014 to August 2026, totalling 136,345 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 $450K, with roughly $185K 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 339 barrels a month, about 21 per wellbore. Its strongest month on the record we hold was August 2018, at 2,853 barrels. 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 GILES
- Who operates GILES?
- GILES is operated by Cholla Petroleum, Inc., Railroad Commission of Texas operator number 150683.
- Where is GILES?
- GILES is a Texas oil lease in Garza County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70235.
- Is GILES still producing?
- GILES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GILES is August 2026.
- How much has GILES produced?
- GILES has reported 136,345 barrels of oil (bbl) to the Railroad Commission of Texas between August 2014 and August 2026, from 16 wellbores.
- How much is GILES worth?
- The remaining production from GILES is estimated to be worth about $450K in total as of 26 August 2026, within a range of $351K to $548K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GILES is a fraction of it. The estimate fits an Arps decline curve to the production GILES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GILES is an estimate of value, not an offer and not an appraisal.
- How much income does GILES generate in a year?
- GILES is forecast to net about $185K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GILES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cholla Petroleum, Inc. |
|---|---|
| Field | Arlene (Glorieta) |
| County | Garza County, Texas |
| RRC district | 8A |
| Lease number | 70235 |
| Wellbores | 16 |
| Reported production | 136,345 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $450K |
Where GILES 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.