GORMAN "2"
GORMAN "2" is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Endeavor Energy Resources L.P. It has 3 wellbores on file with the Commission. Reported production runs from March 2008 to August 2026, totalling 159,540 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 $971K, with roughly $217K 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 307 barrels a month, about 102 per wellbore. Its strongest month on the record we hold was February 2022, at 1,518 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 GORMAN "2"
- Who operates GORMAN "2"?
- GORMAN "2" is operated by Endeavor Energy Resources L.P., Railroad Commission of Texas operator number 251726.
- Where is GORMAN "2"?
- GORMAN "2" is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 38738.
- Is GORMAN "2" still producing?
- GORMAN "2" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GORMAN "2" is August 2026.
- How much has GORMAN "2" produced?
- GORMAN "2" has reported 159,540 barrels of oil (bbl) to the Railroad Commission of Texas between March 2008 and August 2026, from 3 wellbores.
- How much is GORMAN "2" worth?
- The remaining production from GORMAN "2" is estimated to be worth about $971K in total as of 26 August 2026, within a range of $758K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GORMAN "2" is a fraction of it. The estimate fits an Arps decline curve to the production GORMAN "2" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GORMAN "2" is an estimate of value, not an offer and not an appraisal.
- How much income does GORMAN "2" generate in a year?
- GORMAN "2" is forecast to net about $217K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GORMAN "2" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Endeavor Energy Resources L.P. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 38738 |
| Wellbores | 3 |
| Reported production | 159,540 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $971K |
Where GORMAN "2" 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.