GOWANS (V)
GOWANS (V) is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Jetta Operating Company, Inc. It has 1 wellbore on file with the Commission. Reported production runs from September 2022 to August 2026, totalling 88,350 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 $3.2M, with roughly $849K 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 1,261 barrels a month. Its strongest month on the record we hold was September 2022, at 6,226 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 GOWANS (V)
- Who operates GOWANS (V)?
- GOWANS (V) is operated by Jetta Operating Company, Inc., Railroad Commission of Texas operator number 432283.
- Where is GOWANS (V)?
- GOWANS (V) is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 34170.
- Is GOWANS (V) still producing?
- GOWANS (V) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOWANS (V) is August 2026.
- How much has GOWANS (V) produced?
- GOWANS (V) has reported 88,350 barrels of oil (bbl) to the Railroad Commission of Texas between September 2022 and August 2026, from 1 wellbore.
- How much is GOWANS (V) worth?
- The remaining production from GOWANS (V) is estimated to be worth about $3.2M in total as of 27 August 2026, within a range of $2.7M to $3.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOWANS (V) is a fraction of it. The estimate fits an Arps decline curve to the production GOWANS (V) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOWANS (V) is an estimate of value, not an offer and not an appraisal.
- How much income does GOWANS (V) generate in a year?
- GOWANS (V) is forecast to net about $849K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GOWANS (V) receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jetta Operating Company, Inc. |
|---|---|
| Field | Southmayd, North (Baker-Viola) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 34170 |
| Wellbores | 1 |
| Reported production | 88,350 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.2M |
Where GOWANS (V) 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.