TATE-GIBBS-HEAD UNIT
TATE-GIBBS-HEAD UNIT is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Chevron U. S. A. Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 287,978 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 $1.8M, with roughly $415K 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 593 barrels a month. Its strongest month on the record we hold was January 2020, at 1,096 barrels. 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 TATE-GIBBS-HEAD UNIT
- Who operates TATE-GIBBS-HEAD UNIT?
- TATE-GIBBS-HEAD UNIT is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is TATE-GIBBS-HEAD UNIT?
- TATE-GIBBS-HEAD UNIT is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 17185.
- Is TATE-GIBBS-HEAD UNIT still producing?
- TATE-GIBBS-HEAD UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TATE-GIBBS-HEAD UNIT is August 2026.
- How much has TATE-GIBBS-HEAD UNIT produced?
- TATE-GIBBS-HEAD UNIT has reported 287,978 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is TATE-GIBBS-HEAD UNIT worth?
- The remaining production from TATE-GIBBS-HEAD UNIT is estimated to be worth about $1.8M in total as of 26 August 2026, within a range of $1.4M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TATE-GIBBS-HEAD UNIT is a fraction of it. The estimate fits an Arps decline curve to the production TATE-GIBBS-HEAD UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TATE-GIBBS-HEAD UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does TATE-GIBBS-HEAD UNIT generate in a year?
- TATE-GIBBS-HEAD UNIT is forecast to net about $415K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TATE-GIBBS-HEAD UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Sherman |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 17185 |
| Wellbores | 1 |
| Reported production | 287,978 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where TATE-GIBBS-HEAD 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.