GIBSON-WESLEY UNIT
GIBSON-WESLEY UNIT is a Texas gas lease in Stephens County, Railroad Commission district 7B, operated by Petex. It has 1 wellbore on file with the Commission. Reported production runs from February 2012 to August 2026, totalling 280,241 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 $52K, with roughly $7K 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 438 thousand cubic feet a month. Its strongest month on the record we hold was August 2017, at 1,827 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 GIBSON-WESLEY UNIT
- Who operates GIBSON-WESLEY UNIT?
- GIBSON-WESLEY UNIT is operated by Petex, Railroad Commission of Texas operator number 659782.
- Where is GIBSON-WESLEY UNIT?
- GIBSON-WESLEY UNIT is a Texas gas lease in Stephens County, Texas, in Railroad Commission district 7B. Its Railroad Commission lease number is 262786.
- Is GIBSON-WESLEY UNIT still producing?
- GIBSON-WESLEY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GIBSON-WESLEY UNIT is August 2026.
- How much has GIBSON-WESLEY UNIT produced?
- GIBSON-WESLEY UNIT has reported 280,241 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between February 2012 and August 2026, from 1 wellbore.
- How much is GIBSON-WESLEY UNIT worth?
- The remaining production from GIBSON-WESLEY UNIT is estimated to be worth about $52K in total as of 26 August 2026, within a range of $41K to $64K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GIBSON-WESLEY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GIBSON-WESLEY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GIBSON-WESLEY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GIBSON-WESLEY UNIT generate in a year?
- GIBSON-WESLEY UNIT is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GIBSON-WESLEY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Petex |
|---|---|
| Field | Ivan, E. (Duffer) |
| County | Stephens County, Texas |
| RRC district | 7B |
| Lease number | 262786 |
| Wellbores | 1 |
| Reported production | 280,241 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $52K |
Where GIBSON-WESLEY 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.