GULF LAND CO. UNIT
GULF LAND CO. UNIT is a Texas oil lease in Harris County, Railroad Commission district 03, operated by Geo Engineering, Inc. It has 1 wellbore on file with the Commission. Reported production runs from November 2001 to August 2026, totalling 82,662 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 $996K, with roughly $223K 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 494 barrels a month. Its strongest month on the record we hold was November 2025, at 736 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 GULF LAND CO. UNIT
- Who operates GULF LAND CO. UNIT?
- GULF LAND CO. UNIT is operated by Geo Engineering, Inc., Railroad Commission of Texas operator number 300241.
- Where is GULF LAND CO. UNIT?
- GULF LAND CO. UNIT is a Texas oil lease in Harris County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 24145.
- Is GULF LAND CO. UNIT still producing?
- GULF LAND CO. UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GULF LAND CO. UNIT is August 2026.
- How much has GULF LAND CO. UNIT produced?
- GULF LAND CO. UNIT has reported 82,662 barrels of oil (bbl) to the Railroad Commission of Texas between November 2001 and August 2026, from 1 wellbore.
- How much is GULF LAND CO. UNIT worth?
- The remaining production from GULF LAND CO. UNIT is estimated to be worth about $996K in total as of 27 August 2026, within a range of $777K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GULF LAND CO. UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GULF LAND CO. UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GULF LAND CO. UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GULF LAND CO. UNIT generate in a year?
- GULF LAND CO. UNIT is forecast to net about $223K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GULF LAND CO. UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Geo Engineering, Inc. |
|---|---|
| Field | Dyersdale, N. (Y-5) |
| County | Harris County, Texas |
| RRC district | 03 |
| Lease number | 24145 |
| Wellbores | 1 |
| Reported production | 82,662 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $996K |
Where GULF LAND CO. 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.