BUSKE EAST
BUSKE EAST is a Texas oil lease in Jones County, Railroad Commission district 7B, operated by Gosa Oil Company. It has 2 wellbores on file with the Commission. Reported production runs from May 1993 to August 2026, totalling 29,635 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 $38K, with roughly $7K 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 10 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was March 2024, at 154 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 BUSKE EAST
- Who operates BUSKE EAST?
- BUSKE EAST is operated by Gosa Oil Company, Railroad Commission of Texas operator number 317394.
- Where is BUSKE EAST?
- BUSKE EAST is a Texas oil lease in Jones County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 26927.
- Is BUSKE EAST still producing?
- BUSKE EAST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BUSKE EAST is August 2026.
- How much has BUSKE EAST produced?
- BUSKE EAST has reported 29,635 barrels of oil (bbl) to the Railroad Commission of Texas between May 1993 and August 2026, from 2 wellbores.
- How much is BUSKE EAST worth?
- The remaining production from BUSKE EAST is estimated to be worth about $38K in total as of 27 August 2026, within a range of $21K to $55K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BUSKE EAST is a fraction of it. The estimate fits an Arps decline curve to the production BUSKE EAST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BUSKE EAST is an estimate of value, not an offer and not an appraisal.
- How much income does BUSKE EAST generate in a year?
- BUSKE EAST is forecast to net about $7K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in BUSKE EAST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gosa Oil Company |
|---|---|
| Field | Jones County Regular |
| County | Jones County, Texas |
| RRC district | 7B |
| Lease number | 26927 |
| Wellbores | 2 |
| Reported production | 29,635 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $38K |
Where BUSKE EAST 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.