GEM
GEM is a Texas oil lease in Gray County, Railroad Commission district 10, operated by Travelers Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 6,422 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 $45K, with roughly $9K 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 12 barrels a month. Its strongest month on the record we hold was July 2016, at 31 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 GEM
- Who operates GEM?
- GEM is operated by Travelers Oil Company, Railroad Commission of Texas operator number 865980.
- Where is GEM?
- GEM is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 04161.
- Is GEM still producing?
- GEM is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GEM is August 2026.
- How much has GEM produced?
- GEM has reported 6,422 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GEM worth?
- The remaining production from GEM is estimated to be worth about $45K in total as of 26 August 2026, within a range of $25K to $65K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GEM is a fraction of it. The estimate fits an Arps decline curve to the production GEM has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GEM is an estimate of value, not an offer and not an appraisal.
- How much income does GEM generate in a year?
- GEM is forecast to net about $9K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GEM receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Travelers Oil Company |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 04161 |
| Wellbores | 1 |
| Reported production | 6,422 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $45K |
Where GEM 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.