GILES
GILES is a Texas oil lease in Grimes County, Railroad Commission district 03, operated by Chesapeake Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2000 to April 2026, totalling 60,148 barrels. The lease is intermittent. 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 $122K, with roughly $23K 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 16 barrels a month. Its strongest month on the record we hold was February 2017, at 555 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 GILES
- Who operates GILES?
- GILES is operated by Chesapeake Operating, Inc., Railroad Commission of Texas operator number 147715.
- Where is GILES?
- GILES is a Texas oil lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23828.
- Is GILES still producing?
- GILES is intermittent. The most recent month of production reported to the Railroad Commission of Texas for GILES is April 2026.
- How much has GILES produced?
- GILES has reported 60,148 barrels of oil (bbl) to the Railroad Commission of Texas between April 2000 and April 2026, from 1 wellbore.
- How much is GILES worth?
- The remaining production from GILES is estimated to be worth about $122K in total as of 26 August 2026, within a range of $67K to $177K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GILES is a fraction of it. The estimate fits an Arps decline curve to the production GILES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GILES is an estimate of value, not an offer and not an appraisal.
- How much income does GILES generate in a year?
- GILES is forecast to net about $23K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GILES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chesapeake Operating, Inc. |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 23828 |
| Wellbores | 1 |
| Reported production | 60,148 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $122K |
Where GILES 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.