1966 PARTNERSHIP
1966 PARTNERSHIP is a Texas oil lease in Trinity County, Railroad Commission district 03, operated by Gulf Tide Oil Company, The. It has 6 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 176,419 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 $949K, with roughly $215K 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 398 barrels a month, about 66 per wellbore. Its strongest month on the record we hold was January 2026, at 631 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 1966 PARTNERSHIP
- Who operates 1966 PARTNERSHIP?
- 1966 PARTNERSHIP is operated by Gulf Tide Oil Company, The, Railroad Commission of Texas operator number 338575.
- Where is 1966 PARTNERSHIP?
- 1966 PARTNERSHIP is a Texas oil lease in Trinity County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 21140.
- Is 1966 PARTNERSHIP still producing?
- 1966 PARTNERSHIP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for 1966 PARTNERSHIP is August 2026.
- How much has 1966 PARTNERSHIP produced?
- 1966 PARTNERSHIP has reported 176,419 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 6 wellbores.
- How much is 1966 PARTNERSHIP worth?
- The remaining production from 1966 PARTNERSHIP is estimated to be worth about $949K in total as of 27 August 2026, within a range of $741K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in 1966 PARTNERSHIP is a fraction of it. The estimate fits an Arps decline curve to the production 1966 PARTNERSHIP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for 1966 PARTNERSHIP is an estimate of value, not an offer and not an appraisal.
- How much income does 1966 PARTNERSHIP generate in a year?
- 1966 PARTNERSHIP is forecast to net about $215K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in 1966 PARTNERSHIP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gulf Tide Oil Company, The |
|---|---|
| Field | M. Gaston (Carrizo -B-) |
| County | Trinity County, Texas |
| RRC district | 03 |
| Lease number | 21140 |
| Wellbores | 6 |
| Reported production | 176,419 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $949K |
Where 1966 PARTNERSHIP 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.