HEASTON UNIT
HEASTON UNIT is a Texas oil lease in Gray County, Railroad Commission district 10, operated by G. H. Ranch, Inc. It has 12 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 55,910 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 $135K, with roughly $26K 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 46 barrels a month, about 4 per wellbore. Its strongest month on the record we hold was August 2017, at 240 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 HEASTON UNIT
- Who operates HEASTON UNIT?
- HEASTON UNIT is operated by G. H. Ranch, Inc., Railroad Commission of Texas operator number 292190.
- Where is HEASTON UNIT?
- HEASTON UNIT is a Texas oil lease in Gray County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 00547.
- Is HEASTON UNIT still producing?
- HEASTON UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HEASTON UNIT is August 2026.
- How much has HEASTON UNIT produced?
- HEASTON UNIT has reported 55,910 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 12 wellbores.
- How much is HEASTON UNIT worth?
- The remaining production from HEASTON UNIT is estimated to be worth about $135K in total as of 26 August 2026, within a range of $74K to $195K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HEASTON UNIT is a fraction of it. The estimate fits an Arps decline curve to the production HEASTON UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HEASTON UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does HEASTON UNIT generate in a year?
- HEASTON UNIT is forecast to net about $26K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in HEASTON UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | G. H. Ranch, Inc. |
|---|---|
| Field | Panhandle Gray County Field |
| County | Gray County, Texas |
| RRC district | 10 |
| Lease number | 00547 |
| Wellbores | 12 |
| Reported production | 55,910 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $135K |
Where HEASTON 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.