GOSSETT
GOSSETT is a Texas oil lease in Medina County, Railroad Commission district 01, operated by Black Creek Oil Company, LLC. It has 5 wellbores on file with the Commission. Reported production runs from October 2013 to August 2026, totalling 9,750 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 $127K, with roughly $24K 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 35 barrels a month, about 7 per wellbore. Its strongest month on the record we hold was November 2018, at 148 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 GOSSETT
- Who operates GOSSETT?
- GOSSETT is operated by Black Creek Oil Company, LLC, Railroad Commission of Texas operator number 072620.
- Where is GOSSETT?
- GOSSETT is a Texas oil lease in Medina County, Texas, in Railroad Commission district 01. Its Railroad Commission lease number is 18645.
- Is GOSSETT still producing?
- GOSSETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOSSETT is August 2026.
- How much has GOSSETT produced?
- GOSSETT has reported 9,750 barrels of oil (bbl) to the Railroad Commission of Texas between October 2013 and August 2026, from 5 wellbores.
- How much is GOSSETT worth?
- The remaining production from GOSSETT is estimated to be worth about $127K in total as of 27 August 2026, within a range of $70K to $184K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOSSETT is a fraction of it. The estimate fits an Arps decline curve to the production GOSSETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOSSETT is an estimate of value, not an offer and not an appraisal.
- How much income does GOSSETT generate in a year?
- GOSSETT is forecast to net about $24K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GOSSETT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Black Creek Oil Company, LLC |
|---|---|
| Field | Adams (Navarro, Upper) |
| County | Medina County, Texas |
| RRC district | 01 |
| Lease number | 18645 |
| Wellbores | 5 |
| Reported production | 9,750 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $127K |
Where GOSSETT 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.