TURNER, RUBY
TURNER, RUBY is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Gemini Exploration Company. It has 2 wellbores on file with the Commission. Reported production runs from November 1994 to August 2026, totalling 181,699 barrels. The lease is intermittent. 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 $315K, with roughly $46K 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 11 barrels a month, about 5 per wellbore. Its strongest month on the record we hold was January 2017, at 328 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 TURNER, RUBY
- Who operates TURNER, RUBY?
- TURNER, RUBY is operated by Gemini Exploration Company, Railroad Commission of Texas operator number 298891.
- Where is TURNER, RUBY?
- TURNER, RUBY is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 22558.
- Is TURNER, RUBY still producing?
- TURNER, RUBY is intermittent. The most recent month of production reported to the Railroad Commission of Texas for TURNER, RUBY is August 2026.
- How much has TURNER, RUBY produced?
- TURNER, RUBY has reported 181,699 barrels of oil (bbl) to the Railroad Commission of Texas between November 1994 and August 2026, from 2 wellbores.
- How much is TURNER, RUBY worth?
- The remaining production from TURNER, RUBY is estimated to be worth about $315K in total as of 27 August 2026, within a range of $173K to $457K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TURNER, RUBY is a fraction of it. The estimate fits an Arps decline curve to the production TURNER, RUBY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TURNER, RUBY is an estimate of value, not an offer and not an appraisal.
- How much income does TURNER, RUBY generate in a year?
- TURNER, RUBY is forecast to net about $46K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TURNER, RUBY 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 | 22558 |
| Wellbores | 2 |
| Reported production | 181,699 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $315K |
Where TURNER, RUBY 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.