GILBERT UNIT
GILBERT UNIT is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Quail Ridge Operating LLC. It has 3 wellbores on file with the Commission. Reported production runs from May 2024 to August 2026, totalling 66,839 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 $1.8M, with roughly $578K 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 933 barrels a month, about 311 per wellbore. Its strongest month on the record we hold was June 2024, at 14,976 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 GILBERT UNIT
- Who operates GILBERT UNIT?
- GILBERT UNIT is operated by Quail Ridge Operating LLC, Railroad Commission of Texas operator number 101237.
- Where is GILBERT UNIT?
- GILBERT UNIT is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 34285.
- Is GILBERT UNIT still producing?
- GILBERT UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GILBERT UNIT is August 2026.
- How much has GILBERT UNIT produced?
- GILBERT UNIT has reported 66,839 barrels of oil (bbl) to the Railroad Commission of Texas between May 2024 and August 2026, from 3 wellbores.
- How much is GILBERT UNIT worth?
- The remaining production from GILBERT UNIT is estimated to be worth about $1.8M in total as of 26 August 2026, within a range of $1.4M to $2.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GILBERT UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GILBERT UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GILBERT UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GILBERT UNIT generate in a year?
- GILBERT UNIT is forecast to net about $578K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GILBERT UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Quail Ridge Operating LLC |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 34285 |
| Wellbores | 3 |
| Reported production | 66,839 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.8M |
Where GILBERT UNIT 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.