WATTS-GISLER
WATTS-GISLER is a Texas gas lease in Victoria County, Railroad Commission district 02, operated by Union Gas Operating Company. It has 1 wellbore on file with the Commission. Reported production runs from March 2000 to August 2026, totalling 10,792,051 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 $216K, with roughly $57K 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 2,812 thousand cubic feet a month. Its strongest month on the record we hold was April 2019, at 18,762 thousand cubic feet. 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 WATTS-GISLER
- Who operates WATTS-GISLER?
- WATTS-GISLER is operated by Union Gas Operating Company, Railroad Commission of Texas operator number 876500.
- Where is WATTS-GISLER?
- WATTS-GISLER is a Texas gas lease in Victoria County, Texas, in Railroad Commission district 02. Its Railroad Commission lease number is 177966.
- Is WATTS-GISLER still producing?
- WATTS-GISLER is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WATTS-GISLER is August 2026.
- How much has WATTS-GISLER produced?
- WATTS-GISLER has reported 10,792,051 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between March 2000 and August 2026, from 1 wellbore.
- How much is WATTS-GISLER worth?
- The remaining production from WATTS-GISLER is estimated to be worth about $216K in total as of 27 August 2026, within a range of $179K to $253K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WATTS-GISLER is a fraction of it. The estimate fits an Arps decline curve to the production WATTS-GISLER has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WATTS-GISLER is an estimate of value, not an offer and not an appraisal.
- How much income does WATTS-GISLER generate in a year?
- WATTS-GISLER is forecast to net about $57K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in WATTS-GISLER receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Gas Operating Company |
|---|---|
| Field | Mission Valley (10,220) |
| County | Victoria County, Texas |
| RRC district | 02 |
| Lease number | 177966 |
| Wellbores | 1 |
| Reported production | 10,792,051 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $216K |
Where WATTS-GISLER 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.