FAY HEIRS
FAY HEIRS is a Texas oil lease in Gregg County, Railroad Commission district 06, operated by Geo-Vest Of Texas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1996 to August 2026, totalling 101,770 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 $251K, with roughly $47K 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 66 barrels a month. Its strongest month on the record we hold was September 2019, at 325 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 FAY HEIRS
- Who operates FAY HEIRS?
- FAY HEIRS is operated by Geo-Vest Of Texas, Inc., Railroad Commission of Texas operator number 300267.
- Where is FAY HEIRS?
- FAY HEIRS is a Texas oil lease in Gregg County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 13480.
- Is FAY HEIRS still producing?
- FAY HEIRS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FAY HEIRS is August 2026.
- How much has FAY HEIRS produced?
- FAY HEIRS has reported 101,770 barrels of oil (bbl) to the Railroad Commission of Texas between January 1996 and August 2026, from 1 wellbore.
- How much is FAY HEIRS worth?
- The remaining production from FAY HEIRS is estimated to be worth about $251K in total as of 26 August 2026, within a range of $138K to $365K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FAY HEIRS is a fraction of it. The estimate fits an Arps decline curve to the production FAY HEIRS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FAY HEIRS is an estimate of value, not an offer and not an appraisal.
- How much income does FAY HEIRS generate in a year?
- FAY HEIRS is forecast to net about $47K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FAY HEIRS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Geo-Vest Of Texas, Inc. |
|---|---|
| Field | Willow Springs, Se (Travis Peak) |
| County | Gregg County, Texas |
| RRC district | 06 |
| Lease number | 13480 |
| Wellbores | 1 |
| Reported production | 101,770 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $251K |
Where FAY HEIRS 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.