GILLIAM UNIT
GILLIAM UNIT is a Texas gas lease in Rusk County, Railroad Commission district 06, operated by Verado Energy, Inc. It has 1 wellbore on file with the Commission. Reported production runs from February 1994 to August 2026, totalling 2,800,571 thousand cubic feet. 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 $140K, with roughly $21K 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 923 thousand cubic feet a month. Its strongest month on the record we hold was December 2016, at 2,273 thousand cubic feet. 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 GILLIAM UNIT
- Who operates GILLIAM UNIT?
- GILLIAM UNIT is operated by Verado Energy, Inc., Railroad Commission of Texas operator number 884563.
- Where is GILLIAM UNIT?
- GILLIAM UNIT is a Texas gas lease in Rusk County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 149084.
- Is GILLIAM UNIT still producing?
- GILLIAM UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GILLIAM UNIT is August 2026.
- How much has GILLIAM UNIT produced?
- GILLIAM UNIT has reported 2,800,571 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 1994 and August 2026, from 1 wellbore.
- How much is GILLIAM UNIT worth?
- The remaining production from GILLIAM UNIT is estimated to be worth about $140K in total as of 26 August 2026, within a range of $109K to $171K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GILLIAM UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GILLIAM UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GILLIAM UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GILLIAM UNIT generate in a year?
- GILLIAM UNIT is forecast to net about $21K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GILLIAM UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Verado Energy, Inc. |
|---|---|
| Field | Oak Hill (Cotton Valley) |
| County | Rusk County, Texas |
| RRC district | 06 |
| Lease number | 149084 |
| Wellbores | 1 |
| Reported production | 2,800,571 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $140K |
Where GILLIAM 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.