GORDON, M. G.

GORDON, M. G. is a Texas oil lease in Hockley County, Railroad Commission district 8A, operated by Pennzoil Petroleum Company. It has 19 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 598,528 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 $2.3M, with roughly $517K 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 743 barrels a month, about 39 per wellbore. Its strongest month on the record we hold was March 2017, at 2,042 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 GORDON, M. G.

Who operates GORDON, M. G.?: GORDON, M. G. is operated by Pennzoil Petroleum Company, Railroad Commission of Texas operator number 652365.
Where is GORDON, M. G.?: GORDON, M. G. is a Texas oil lease in Hockley County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 63007.
Is GORDON, M. G. still producing?: GORDON, M. G. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GORDON, M. G. is August 2026.
How much has GORDON, M. G. produced?: GORDON, M. G. has reported 598,528 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 19 wellbores.
How much is GORDON, M. G. worth?: The remaining production from GORDON, M. G. is estimated to be worth about $2.3M in total as of 27 August 2026, within a range of $1.8M to $2.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GORDON, M. G. is a fraction of it. The estimate fits an Arps decline curve to the production GORDON, M. G. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GORDON, M. G. is an estimate of value, not an offer and not an appraisal.
How much income does GORDON, M. G. generate in a year?: GORDON, M. G. is forecast to net about $517K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GORDON, M. G. receives a fraction of that, set by the decimal interest printed on their check stub.

Lease record

GORDON, M. G. as filed with the Railroad Commission of Texas
Operator	Pennzoil Petroleum Company
Field	Kingdom (Abo Reef)
County	Hockley County, Texas
RRC district	8A
Lease number	63007
Wellbores	19
Reported production	598,528 bbl
First reported	January 1993
Last reported	August 2026
Estimated royalty value	$2.3M

Where GORDON, M. G. sits

Source: Railroad Commission of Texas lease production records, complete through August 2026. Figures on this page were computed on 27 August 2026.

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.