GBT 102
GBT 102 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Hannathon Petroleum, LLC. It has 3 wellbores on file with the Commission. Reported production runs from January 2019 to August 2026, totalling 135,671 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 $2.9M, with roughly $635K 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 881 barrels a month, about 294 per wellbore. Its strongest month on the record we hold was June 2020, at 6,349 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 GBT 102
- Who operates GBT 102?
- GBT 102 is operated by Hannathon Petroleum, LLC, Railroad Commission of Texas operator number 354954.
- Where is GBT 102?
- GBT 102 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51966.
- Is GBT 102 still producing?
- GBT 102 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GBT 102 is August 2026.
- How much has GBT 102 produced?
- GBT 102 has reported 135,671 barrels of oil (bbl) to the Railroad Commission of Texas between January 2019 and August 2026, from 3 wellbores.
- How much is GBT 102 worth?
- The remaining production from GBT 102 is estimated to be worth about $2.9M in total as of 26 August 2026, within a range of $2.2M to $3.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GBT 102 is a fraction of it. The estimate fits an Arps decline curve to the production GBT 102 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GBT 102 is an estimate of value, not an offer and not an appraisal.
- How much income does GBT 102 generate in a year?
- GBT 102 is forecast to net about $635K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GBT 102 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Hannathon Petroleum, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 51966 |
| Wellbores | 3 |
| Reported production | 135,671 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.9M |
Where GBT 102 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.