GATLIN
GATLIN is a Texas oil lease in Madison County, Railroad Commission district 03, operated by Woodbine Acquisition LLC. It has 1 wellbore on file with the Commission. Reported production runs from November 2012 to August 2026, totalling 251,686 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 $652K, with roughly $119K 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 179 barrels a month. Its strongest month on the record we hold was May 2016, at 1,412 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 GATLIN
- Who operates GATLIN?
- GATLIN is operated by Woodbine Acquisition LLC, Railroad Commission of Texas operator number 937857.
- Where is GATLIN?
- GATLIN is a Texas oil lease in Madison County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26254.
- Is GATLIN still producing?
- GATLIN is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GATLIN is August 2026.
- How much has GATLIN produced?
- GATLIN has reported 251,686 barrels of oil (bbl) to the Railroad Commission of Texas between November 2012 and August 2026, from 1 wellbore.
- How much is GATLIN worth?
- The remaining production from GATLIN is estimated to be worth about $652K in total as of 27 August 2026, within a range of $509K to $796K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GATLIN is a fraction of it. The estimate fits an Arps decline curve to the production GATLIN has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GATLIN is an estimate of value, not an offer and not an appraisal.
- How much income does GATLIN generate in a year?
- GATLIN is forecast to net about $119K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GATLIN receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Woodbine Acquisition LLC |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Madison County, Texas |
| RRC district | 03 |
| Lease number | 26254 |
| Wellbores | 1 |
| Reported production | 251,686 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $652K |
Where GATLIN 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.