GULF-BRIGGS FEE
GULF-BRIGGS FEE is a Texas oil lease in Liberty County, Railroad Commission district 03, operated by Virgin Sands Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 862 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 $3K, with roughly $513 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 barrels a month. Its strongest month on the record we hold was October 2016, at 19 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 GULF-BRIGGS FEE
- Who operates GULF-BRIGGS FEE?
- GULF-BRIGGS FEE is operated by Virgin Sands Inc., Railroad Commission of Texas operator number 886226.
- Where is GULF-BRIGGS FEE?
- GULF-BRIGGS FEE is a Texas oil lease in Liberty County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 02262.
- Is GULF-BRIGGS FEE still producing?
- GULF-BRIGGS FEE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for GULF-BRIGGS FEE is August 2026.
- How much has GULF-BRIGGS FEE produced?
- GULF-BRIGGS FEE has reported 862 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GULF-BRIGGS FEE worth?
- The remaining production from GULF-BRIGGS FEE is estimated to be worth about $3K in total as of 27 August 2026, within a range of $0 to $5K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GULF-BRIGGS FEE is a fraction of it. The estimate fits an Arps decline curve to the production GULF-BRIGGS FEE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GULF-BRIGGS FEE is an estimate of value, not an offer and not an appraisal.
- How much income does GULF-BRIGGS FEE generate in a year?
- GULF-BRIGGS FEE is forecast to net about $513 across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GULF-BRIGGS FEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Virgin Sands Inc. |
|---|---|
| Field | Hull |
| County | Liberty County, Texas |
| RRC district | 03 |
| Lease number | 02262 |
| Wellbores | 1 |
| Reported production | 862 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3K |
Where GULF-BRIGGS FEE 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.