GONZO
GONZO is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Ironroc Energy. It has 3 wellbores on file with the Commission. Reported production runs from January 2020 to August 2026, totalling 629,320 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 $3.4M, with roughly $1.0M 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 1,725 barrels a month, about 575 per wellbore. Its strongest month on the record we hold was August 2020, at 55,073 barrels. 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 GONZO
- Who operates GONZO?
- GONZO is operated by Ironroc Energy, Railroad Commission of Texas operator number 426612.
- Where is GONZO?
- GONZO is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 27776.
- Is GONZO still producing?
- GONZO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GONZO is August 2026.
- How much has GONZO produced?
- GONZO has reported 629,320 barrels of oil (bbl) to the Railroad Commission of Texas between January 2020 and August 2026, from 3 wellbores.
- How much is GONZO worth?
- The remaining production from GONZO is estimated to be worth about $3.4M in total as of 26 August 2026, within a range of $2.8M to $3.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GONZO is a fraction of it. The estimate fits an Arps decline curve to the production GONZO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GONZO is an estimate of value, not an offer and not an appraisal.
- How much income does GONZO generate in a year?
- GONZO is forecast to net about $1.0M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GONZO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ironroc Energy |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 27776 |
| Wellbores | 3 |
| Reported production | 629,320 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.4M |
Where GONZO 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.