BISSETT, NE (STRAWN LIME)
BISSETT, NE (STRAWN LIME) is a Texas oil lease in King County, Railroad Commission district 7B, operated by Gunn Oil Company. It has 25 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 723,948 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 $617K, with roughly $234K 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 152 barrels a month, about 6 per wellbore. Its strongest month on the record we hold was September 2018, at 819 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 BISSETT, NE (STRAWN LIME)
- Who operates BISSETT, NE (STRAWN LIME)?
- BISSETT, NE (STRAWN LIME) is operated by Gunn Oil Company, Railroad Commission of Texas operator number 339493.
- Where is BISSETT, NE (STRAWN LIME)?
- BISSETT, NE (STRAWN LIME) is a Texas oil lease in King County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 25485.
- Is BISSETT, NE (STRAWN LIME) still producing?
- BISSETT, NE (STRAWN LIME) is currently producing. The most recent month of production reported to the Railroad Commission of Texas for BISSETT, NE (STRAWN LIME) is August 2026.
- How much has BISSETT, NE (STRAWN LIME) produced?
- BISSETT, NE (STRAWN LIME) has reported 723,948 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 25 wellbores.
- How much is BISSETT, NE (STRAWN LIME) worth?
- The remaining production from BISSETT, NE (STRAWN LIME) is estimated to be worth about $617K in total as of 26 August 2026, within a range of $481K to $752K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in BISSETT, NE (STRAWN LIME) is a fraction of it. The estimate fits an Arps decline curve to the production BISSETT, NE (STRAWN LIME) has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for BISSETT, NE (STRAWN LIME) is an estimate of value, not an offer and not an appraisal.
- How much income does BISSETT, NE (STRAWN LIME) generate in a year?
- BISSETT, NE (STRAWN LIME) is forecast to net about $234K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in BISSETT, NE (STRAWN LIME) receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gunn Oil Company |
|---|---|
| Field | Bissett, Ne (Strawn Lime) |
| County | King County, Texas |
| RRC district | 7B |
| Lease number | 25485 |
| Wellbores | 25 |
| Reported production | 723,948 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $617K |
Where BISSETT, NE (STRAWN LIME) 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.