GILBERT
GILBERT is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Parker & Parsley Development Co. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 164,167 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 $150K, with roughly $28K 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 44 barrels a month. Its strongest month on the record we hold was March 2022, at 636 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 GILBERT
- Who operates GILBERT?
- GILBERT is operated by Parker & Parsley Development Co., Railroad Commission of Texas operator number 640889.
- Where is GILBERT?
- GILBERT is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 29450.
- Is GILBERT still producing?
- GILBERT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GILBERT is August 2026.
- How much has GILBERT produced?
- GILBERT has reported 164,167 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GILBERT worth?
- The remaining production from GILBERT is estimated to be worth about $150K in total as of 26 August 2026, within a range of $82K to $217K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GILBERT is a fraction of it. The estimate fits an Arps decline curve to the production GILBERT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GILBERT is an estimate of value, not an offer and not an appraisal.
- How much income does GILBERT generate in a year?
- GILBERT is forecast to net about $28K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GILBERT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Parker & Parsley Development Co. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 29450 |
| Wellbores | 1 |
| Reported production | 164,167 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $150K |
Where GILBERT 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.