FITZGERALD
FITZGERALD is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Gungoll, Carl E. Exploration LLC. It has 1 wellbore on file with the Commission. Reported production runs from January 2024 to August 2026, totalling 13,492 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 $2.4M, with roughly $527K 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 729 barrels a month. Its strongest month on the record we hold was August 2025, at 1,105 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 FITZGERALD
- Who operates FITZGERALD?
- FITZGERALD is operated by Gungoll, Carl E. Exploration LLC, Railroad Commission of Texas operator number 339348.
- Where is FITZGERALD?
- FITZGERALD is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 32722.
- Is FITZGERALD still producing?
- FITZGERALD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FITZGERALD is August 2026.
- How much has FITZGERALD produced?
- FITZGERALD has reported 13,492 barrels of oil (bbl) to the Railroad Commission of Texas between January 2024 and August 2026, from 1 wellbore.
- How much is FITZGERALD worth?
- The remaining production from FITZGERALD is estimated to be worth about $2.4M in total as of 26 August 2026, within a range of $1.9M to $3.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FITZGERALD is a fraction of it. The estimate fits an Arps decline curve to the production FITZGERALD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FITZGERALD is an estimate of value, not an offer and not an appraisal.
- How much income does FITZGERALD generate in a year?
- FITZGERALD is forecast to net about $527K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FITZGERALD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gungoll, Carl E. Exploration LLC |
|---|---|
| Field | Estaban, NW. (Strawn Reef) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 32722 |
| Wellbores | 1 |
| Reported production | 13,492 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.4M |
Where FITZGERALD 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.