FREEMAN, G. M.
FREEMAN, G. M. is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Payne-Johnston & Byars. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 100,066 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 $739K, with roughly $142K 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 189 barrels a month, about 47 per wellbore. Its strongest month on the record we hold was March 2024, at 267 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 FREEMAN, G. M.
- Who operates FREEMAN, G. M.?
- FREEMAN, G. M. is operated by Payne-Johnston & Byars, Railroad Commission of Texas operator number 646340.
- Where is FREEMAN, G. M.?
- FREEMAN, G. M. is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 03067.
- Is FREEMAN, G. M. still producing?
- FREEMAN, G. M. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FREEMAN, G. M. is August 2026.
- How much has FREEMAN, G. M. produced?
- FREEMAN, G. M. has reported 100,066 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is FREEMAN, G. M. worth?
- The remaining production from FREEMAN, G. M. is estimated to be worth about $739K in total as of 26 August 2026, within a range of $576K to $901K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FREEMAN, G. M. is a fraction of it. The estimate fits an Arps decline curve to the production FREEMAN, G. M. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FREEMAN, G. M. is an estimate of value, not an offer and not an appraisal.
- How much income does FREEMAN, G. M. generate in a year?
- FREEMAN, G. M. is forecast to net about $142K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FREEMAN, G. M. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Payne-Johnston & Byars |
|---|---|
| Field | White Flat |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 03067 |
| Wellbores | 4 |
| Reported production | 100,066 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $739K |
Where FREEMAN, G. M. 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.