GOOLSBEE
GOOLSBEE is a Texas oil lease in Smith County, Railroad Commission district 06, operated by Jamex, Inc. It has 1 wellbore on file with the Commission. Reported production runs from July 2009 to August 2026, totalling 86,631 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 $961K, with roughly $185K 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 249 barrels a month. Its strongest month on the record we hold was September 2016, at 548 barrels. 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 GOOLSBEE
- Who operates GOOLSBEE?
- GOOLSBEE is operated by Jamex, Inc., Railroad Commission of Texas operator number 429659.
- Where is GOOLSBEE?
- GOOLSBEE is a Texas oil lease in Smith County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 14903.
- Is GOOLSBEE still producing?
- GOOLSBEE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOOLSBEE is August 2026.
- How much has GOOLSBEE produced?
- GOOLSBEE has reported 86,631 barrels of oil (bbl) to the Railroad Commission of Texas between July 2009 and August 2026, from 1 wellbore.
- How much is GOOLSBEE worth?
- The remaining production from GOOLSBEE is estimated to be worth about $961K in total as of 26 August 2026, within a range of $750K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOOLSBEE is a fraction of it. The estimate fits an Arps decline curve to the production GOOLSBEE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOOLSBEE is an estimate of value, not an offer and not an appraisal.
- How much income does GOOLSBEE generate in a year?
- GOOLSBEE is forecast to net about $185K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GOOLSBEE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Jamex, Inc. |
|---|---|
| Field | Starville, East (Travis Peak) |
| County | Smith County, Texas |
| RRC district | 06 |
| Lease number | 14903 |
| Wellbores | 1 |
| Reported production | 86,631 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $961K |
Where GOOLSBEE 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.