GULF FEE
GULF FEE is a Texas oil lease in Liberty County, Railroad Commission district 03, operated by Mcleod, George L. Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 43,341 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 $285K, with roughly $55K 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 65 barrels a month, about 33 per wellbore. Its strongest month on the record we hold was April 2025, at 348 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 GULF FEE
- Who operates GULF FEE?
- GULF FEE is operated by Mcleod, George L. Inc., Railroad Commission of Texas operator number 552143.
- Where is GULF FEE?
- GULF FEE is a Texas oil lease in Liberty County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 11407.
- Is GULF FEE still producing?
- GULF FEE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for GULF FEE is August 2026.
- How much has GULF FEE produced?
- GULF FEE has reported 43,341 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is GULF FEE worth?
- The remaining production from GULF FEE is estimated to be worth about $285K in total as of 27 August 2026, within a range of $157K to $413K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GULF FEE is a fraction of it. The estimate fits an Arps decline curve to the production GULF 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 FEE is an estimate of value, not an offer and not an appraisal.
- How much income does GULF FEE generate in a year?
- GULF FEE is forecast to net about $55K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GULF FEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mcleod, George L. Inc. |
|---|---|
| Field | Liberty, South |
| County | Liberty County, Texas |
| RRC district | 03 |
| Lease number | 11407 |
| Wellbores | 2 |
| Reported production | 43,341 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $285K |
Where GULF 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.