GPS
GPS is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Prime Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from April 2006 to August 2026, totalling 18,095 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 $129K, with roughly $25K 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 32 barrels a month. Its strongest month on the record we hold was July 2020, at 92 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 GPS
- Who operates GPS?
- GPS is operated by Prime Operating Company, Railroad Commission of Texas operator number 677770.
- Where is GPS?
- GPS is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 16019.
- Is GPS still producing?
- GPS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GPS is August 2026.
- How much has GPS produced?
- GPS has reported 18,095 barrels of oil (bbl) to the Railroad Commission of Texas between April 2006 and August 2026, from 1 wellbore.
- How much is GPS worth?
- The remaining production from GPS is estimated to be worth about $129K in total as of 26 August 2026, within a range of $71K to $188K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GPS is a fraction of it. The estimate fits an Arps decline curve to the production GPS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GPS is an estimate of value, not an offer and not an appraisal.
- How much income does GPS generate in a year?
- GPS is forecast to net about $25K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GPS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Prime Operating Company |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 16019 |
| Wellbores | 1 |
| Reported production | 18,095 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $129K |
Where GPS 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.