GUNNISON STATE UNIT
GUNNISON STATE UNIT is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Cog Operating LLC. It has 2 wellbores on file with the Commission. Reported production runs from March 2015 to August 2026, totalling 979,196 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 $14.1M, with roughly $3.1M 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 3,727 barrels a month, about 1,863 per wellbore. Its strongest month on the record we hold was December 2019, at 40,641 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 GUNNISON STATE UNIT
- Who operates GUNNISON STATE UNIT?
- GUNNISON STATE UNIT is operated by Cog Operating LLC, Railroad Commission of Texas operator number 166150.
- Where is GUNNISON STATE UNIT?
- GUNNISON STATE UNIT is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46875.
- Is GUNNISON STATE UNIT still producing?
- GUNNISON STATE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GUNNISON STATE UNIT is August 2026.
- How much has GUNNISON STATE UNIT produced?
- GUNNISON STATE UNIT has reported 979,196 barrels of oil (bbl) to the Railroad Commission of Texas between March 2015 and August 2026, from 2 wellbores.
- How much is GUNNISON STATE UNIT worth?
- The remaining production from GUNNISON STATE UNIT is estimated to be worth about $14.1M in total as of 26 August 2026, within a range of $11.7M to $16.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GUNNISON STATE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GUNNISON STATE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GUNNISON STATE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GUNNISON STATE UNIT generate in a year?
- GUNNISON STATE UNIT is forecast to net about $3.1M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GUNNISON STATE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cog Operating LLC |
|---|---|
| Field | Hoefs T-K (Wolfcamp) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 46875 |
| Wellbores | 2 |
| Reported production | 979,196 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $14.1M |
Where GUNNISON STATE UNIT 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.