GIPPER STATE EAST
GIPPER STATE EAST is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Cog Operating LLC. It has 3 wellbores on file with the Commission. Reported production runs from November 2013 to August 2026, totalling 1,155,089 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 $5.7M, with roughly $1.3M 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 1,805 barrels a month, about 602 per wellbore. Its strongest month on the record we hold was August 2016, at 20,249 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 GIPPER STATE EAST
- Who operates GIPPER STATE EAST?
- GIPPER STATE EAST is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is GIPPER STATE EAST?
- GIPPER STATE EAST is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 45381.
- Is GIPPER STATE EAST still producing?
- GIPPER STATE EAST is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GIPPER STATE EAST is August 2026.
- How much has GIPPER STATE EAST produced?
- GIPPER STATE EAST has reported 1,155,089 barrels of oil (bbl) to the Railroad Commission of Texas between November 2013 and August 2026, from 3 wellbores.
- How much is GIPPER STATE EAST worth?
- The remaining production from GIPPER STATE EAST is estimated to be worth about $5.7M in total as of 27 August 2026, within a range of $4.7M to $6.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GIPPER STATE EAST is a fraction of it. The estimate fits an Arps decline curve to the production GIPPER STATE EAST has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GIPPER STATE EAST is an estimate of value, not an offer and not an appraisal.
- How much income does GIPPER STATE EAST generate in a year?
- GIPPER STATE EAST is forecast to net about $1.3M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GIPPER STATE EAST receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 45381 |
| Wellbores | 3 |
| Reported production | 1,155,089 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.7M |
Where GIPPER STATE EAST 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.