WHITE HAT RANCH
WHITE HAT RANCH is a Texas oil lease in Nolan County, Railroad Commission district 7B, operated by Gungoll, Carl E. Exploration LLC. It has 9 wellbores on file with the Commission. Reported production runs from May 2016 to August 2026, totalling 358,130 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 $1.3M, with roughly $398K 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 617 barrels a month, about 69 per wellbore. Its strongest month on the record we hold was May 2017, at 14,245 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 WHITE HAT RANCH
- Who operates WHITE HAT RANCH?
- WHITE HAT RANCH is operated by Gungoll, Carl E. Exploration LLC, Railroad Commission of Texas operator number 339348.
- Where is WHITE HAT RANCH?
- WHITE HAT RANCH is a Texas oil lease in Nolan County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 31996.
- Is WHITE HAT RANCH still producing?
- WHITE HAT RANCH is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHITE HAT RANCH is August 2026.
- How much has WHITE HAT RANCH produced?
- WHITE HAT RANCH has reported 358,130 barrels of oil (bbl) to the Railroad Commission of Texas between May 2016 and August 2026, from 9 wellbores.
- How much is WHITE HAT RANCH worth?
- The remaining production from WHITE HAT RANCH is estimated to be worth about $1.3M in total as of 26 August 2026, within a range of $1.0M to $1.6M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHITE HAT RANCH is a fraction of it. The estimate fits an Arps decline curve to the production WHITE HAT RANCH has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHITE HAT RANCH is an estimate of value, not an offer and not an appraisal.
- How much income does WHITE HAT RANCH generate in a year?
- WHITE HAT RANCH is forecast to net about $398K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHITE HAT RANCH receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gungoll, Carl E. Exploration LLC |
|---|---|
| Field | White Hat (Ellenburger) |
| County | Nolan County, Texas |
| RRC district | 7B |
| Lease number | 31996 |
| Wellbores | 9 |
| Reported production | 358,130 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.3M |
Where WHITE HAT RANCH 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.