GILSTRAP
GILSTRAP is a Texas gas lease in Harrison County, Railroad Commission district 06, operated by Buffco Production Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 154,957 thousand cubic feet. 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 $60K, with roughly $9K 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 176 thousand cubic feet a month. Its strongest month on the record we hold was September 2023, at 910 thousand cubic feet. 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 GILSTRAP
- Who operates GILSTRAP?
- GILSTRAP is operated by Buffco Production Inc., Railroad Commission of Texas operator number 106406.
- Where is GILSTRAP?
- GILSTRAP is a Texas gas lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 118353.
- Is GILSTRAP still producing?
- GILSTRAP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GILSTRAP is August 2026.
- How much has GILSTRAP produced?
- GILSTRAP has reported 154,957 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GILSTRAP worth?
- The remaining production from GILSTRAP is estimated to be worth about $60K in total as of 27 August 2026, within a range of $47K to $73K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GILSTRAP is a fraction of it. The estimate fits an Arps decline curve to the production GILSTRAP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GILSTRAP is an estimate of value, not an offer and not an appraisal.
- How much income does GILSTRAP generate in a year?
- GILSTRAP is forecast to net about $9K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GILSTRAP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Buffco Production Inc. |
|---|---|
| Field | Woodlawn, SW. (Pettit 6650) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 118353 |
| Wellbores | 1 |
| Reported production | 154,957 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $60K |
Where GILSTRAP 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.