GIBSON L
GIBSON L is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Centennial Resource Prod, LLC. It has 4 wellbores on file with the Commission. Reported production runs from January 2016 to August 2026, totalling 1,225,939 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 $18.5M, with roughly $6.2M 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 10,797 barrels a month, about 2,699 per wellbore. Its strongest month on the record we hold was September 2018, at 54,454 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 GIBSON L
- Who operates GIBSON L?
- GIBSON L is operated by Centennial Resource Prod, LLC, Railroad Commission of Texas operator number 141077.
- Where is GIBSON L?
- GIBSON L is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49289.
- Is GIBSON L still producing?
- GIBSON L is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GIBSON L is August 2026.
- How much has GIBSON L produced?
- GIBSON L has reported 1,225,939 barrels of oil (bbl) to the Railroad Commission of Texas between January 2016 and August 2026, from 4 wellbores.
- How much is GIBSON L worth?
- The remaining production from GIBSON L is estimated to be worth about $18.5M in total as of 27 August 2026, within a range of $15.1M to $21.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GIBSON L is a fraction of it. The estimate fits an Arps decline curve to the production GIBSON L has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GIBSON L is an estimate of value, not an offer and not an appraisal.
- How much income does GIBSON L generate in a year?
- GIBSON L is forecast to net about $6.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GIBSON L receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Centennial Resource Prod, LLC |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 49289 |
| Wellbores | 4 |
| Reported production | 1,225,939 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $18.5M |
Where GIBSON L 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.