GERDES DEVELOPMENT CO., INC.
GERDES DEVELOPMENT CO., INC. is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Bar-Mac Investments Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 47,647 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 $306K, with roughly $56K 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 61 barrels a month, about 20 per wellbore. Its strongest month on the record we hold was May 2017, at 112 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 GERDES DEVELOPMENT CO., INC.
- Who operates GERDES DEVELOPMENT CO., INC.?
- GERDES DEVELOPMENT CO., INC. is operated by Bar-Mac Investments Inc., Railroad Commission of Texas operator number 049767.
- Where is GERDES DEVELOPMENT CO., INC.?
- GERDES DEVELOPMENT CO., INC. is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 11427.
- Is GERDES DEVELOPMENT CO., INC. still producing?
- GERDES DEVELOPMENT CO., INC. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GERDES DEVELOPMENT CO., INC. is August 2026.
- How much has GERDES DEVELOPMENT CO., INC. produced?
- GERDES DEVELOPMENT CO., INC. has reported 47,647 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is GERDES DEVELOPMENT CO., INC. worth?
- The remaining production from GERDES DEVELOPMENT CO., INC. is estimated to be worth about $306K in total as of 26 August 2026, within a range of $168K to $444K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GERDES DEVELOPMENT CO., INC. is a fraction of it. The estimate fits an Arps decline curve to the production GERDES DEVELOPMENT CO., INC. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GERDES DEVELOPMENT CO., INC. is an estimate of value, not an offer and not an appraisal.
- How much income does GERDES DEVELOPMENT CO., INC. generate in a year?
- GERDES DEVELOPMENT CO., INC. is forecast to net about $56K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GERDES DEVELOPMENT CO., INC. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Bar-Mac Investments Inc. |
|---|---|
| Field | Noack Cow Herd (3460) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 11427 |
| Wellbores | 3 |
| Reported production | 47,647 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $306K |
Where GERDES DEVELOPMENT CO., INC. 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.