GAYLE UNIT
GAYLE UNIT is a Texas gas lease in Goliad County, Railroad Commission district 02, operated by Cody Energy LLC. It has 1 wellbore on file with the Commission. Reported production runs from June 2005 to August 2026, totalling 386,811 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 $8K, with roughly $2K 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 536 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 2,176 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 GAYLE UNIT
- Who operates GAYLE UNIT?
- GAYLE UNIT is operated by Cody Energy LLC, Railroad Commission of Texas operator number 164455.
- Where is GAYLE UNIT?
- GAYLE UNIT is a Texas gas lease in Goliad County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 212486.
- Is GAYLE UNIT still producing?
- GAYLE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GAYLE UNIT is August 2026.
- How much has GAYLE UNIT produced?
- GAYLE UNIT has reported 386,811 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between June 2005 and August 2026, from 1 wellbore.
- How much is GAYLE UNIT worth?
- The remaining production from GAYLE UNIT is estimated to be worth about $8K in total as of 27 August 2026, within a range of $6K to $10K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GAYLE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GAYLE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GAYLE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GAYLE UNIT generate in a year?
- GAYLE UNIT is forecast to net about $2K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GAYLE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cody Energy LLC |
|---|---|
| Field | Bego (Consolidated) |
| County | Goliad County, Texas |
| RRC district | 02 |
| Lease number | 212486 |
| Wellbores | 1 |
| Reported production | 386,811 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $8K |
Where GAYLE 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.