GIBSON 7B
GIBSON 7B is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Apache Corporation. It has 2 wellbores on file with the Commission. Reported production runs from November 2011 to August 2026, totalling 22,112 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 $279K, with roughly $46K 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 45 barrels a month, about 22 per wellbore. Its strongest month on the record we hold was July 2024, at 343 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 GIBSON 7B
- Who operates GIBSON 7B?
- GIBSON 7B is operated by Apache Corporation, Railroad Commission of Texas operator number 027200.
- Where is GIBSON 7B?
- GIBSON 7B is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41918.
- Is GIBSON 7B still producing?
- GIBSON 7B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GIBSON 7B is August 2026.
- How much has GIBSON 7B produced?
- GIBSON 7B has reported 22,112 barrels of oil (bbl) to the Railroad Commission of Texas between November 2011 and August 2026, from 2 wellbores.
- How much is GIBSON 7B worth?
- The remaining production from GIBSON 7B is estimated to be worth about $279K in total as of 27 August 2026, within a range of $153K to $404K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GIBSON 7B is a fraction of it. The estimate fits an Arps decline curve to the production GIBSON 7B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GIBSON 7B is an estimate of value, not an offer and not an appraisal.
- How much income does GIBSON 7B generate in a year?
- GIBSON 7B is forecast to net about $46K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GIBSON 7B receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Apache Corporation |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 41918 |
| Wellbores | 2 |
| Reported production | 22,112 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $279K |
Where GIBSON 7B 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.