K-BOB #1
K-BOB #1 is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Gemini Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 399,121 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 $705K, with roughly $187K 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 319 barrels a month. Its strongest month on the record we hold was June 2024, at 954 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 K-BOB #1
- Who operates K-BOB #1?
- K-BOB #1 is operated by Gemini Exploration Company, Railroad Commission of Texas operator number 298891.
- Where is K-BOB #1?
- K-BOB #1 is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 16966.
- Is K-BOB #1 still producing?
- K-BOB #1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for K-BOB #1 is August 2026.
- How much has K-BOB #1 produced?
- K-BOB #1 has reported 399,121 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is K-BOB #1 worth?
- The remaining production from K-BOB #1 is estimated to be worth about $705K in total as of 27 August 2026, within a range of $550K to $860K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in K-BOB #1 is a fraction of it. The estimate fits an Arps decline curve to the production K-BOB #1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for K-BOB #1 is an estimate of value, not an offer and not an appraisal.
- How much income does K-BOB #1 generate in a year?
- K-BOB #1 is forecast to net about $187K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in K-BOB #1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gemini Exploration Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 16966 |
| Wellbores | 1 |
| Reported production | 399,121 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $705K |
Where K-BOB #1 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.