GILPIN
GILPIN is a Texas gas lease in Johnson County, Railroad Commission district 09, operated by J-W Operating Co. It has 1 wellbore on file with the Commission. Reported production runs from November 2006 to August 2026, totalling 3,245,467 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 $253K, with roughly $81K 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 4,347 thousand cubic feet a month. Its strongest month on the record we hold was January 2019, at 11,890 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 GILPIN
- Who operates GILPIN?
- GILPIN is operated by J-W Operating Co., Railroad Commission of Texas operator number 427960.
- Where is GILPIN?
- GILPIN is a Texas gas lease in Johnson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 229361.
- Is GILPIN still producing?
- GILPIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GILPIN is August 2026.
- How much has GILPIN produced?
- GILPIN has reported 3,245,467 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between November 2006 and August 2026, from 1 wellbore.
- How much is GILPIN worth?
- The remaining production from GILPIN is estimated to be worth about $253K in total as of 26 August 2026, within a range of $210K to $296K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GILPIN is a fraction of it. The estimate fits an Arps decline curve to the production GILPIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GILPIN is an estimate of value, not an offer and not an appraisal.
- How much income does GILPIN generate in a year?
- GILPIN is forecast to net about $81K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GILPIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | J-W Operating Co. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Johnson County, Texas |
| RRC district | 09 |
| Lease number | 229361 |
| Wellbores | 1 |
| Reported production | 3,245,467 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $253K |
Where GILPIN 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.