GULF PRODUCTION FEE
GULF PRODUCTION FEE is a Texas oil lease in Hardin County, Railroad Commission district 03, operated by Setab Prod. It has 6 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 13,089 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 $6K, with roughly $1K 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 barrels a month. Its strongest month on the record we hold was December 2024, at 36 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 GULF PRODUCTION FEE
- Who operates GULF PRODUCTION FEE?
- GULF PRODUCTION FEE is operated by Setab Prod., Railroad Commission of Texas operator number 767789.
- Where is GULF PRODUCTION FEE?
- GULF PRODUCTION FEE is a Texas oil lease in Hardin County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 04594.
- Is GULF PRODUCTION FEE still producing?
- GULF PRODUCTION FEE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for GULF PRODUCTION FEE is August 2026.
- How much has GULF PRODUCTION FEE produced?
- GULF PRODUCTION FEE has reported 13,089 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 6 wellbores.
- How much is GULF PRODUCTION FEE worth?
- The remaining production from GULF PRODUCTION FEE is estimated to be worth about $6K in total as of 27 August 2026, within a range of $0 to $12K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GULF PRODUCTION FEE is a fraction of it. The estimate fits an Arps decline curve to the production GULF PRODUCTION FEE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GULF PRODUCTION FEE is an estimate of value, not an offer and not an appraisal.
- How much income does GULF PRODUCTION FEE generate in a year?
- GULF PRODUCTION FEE is forecast to net about $1K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GULF PRODUCTION FEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Setab Prod. |
|---|---|
| Field | Batson Old |
| County | Hardin County, Texas |
| RRC district | 03 |
| Lease number | 04594 |
| Wellbores | 6 |
| Reported production | 13,089 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $6K |
Where GULF PRODUCTION FEE 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.