GAVRANOVIC
GAVRANOVIC is a Texas oil lease in Wharton County, Railroad Commission district 03, operated by Cico Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 106,775 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 $873K, with roughly $168K 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 225 barrels a month. Its strongest month on the record we hold was October 2018, at 301 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 GAVRANOVIC
- Who operates GAVRANOVIC?
- GAVRANOVIC is operated by Cico Oil & Gas Company, Railroad Commission of Texas operator number 153410.
- Where is GAVRANOVIC?
- GAVRANOVIC is a Texas oil lease in Wharton County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 20780.
- Is GAVRANOVIC still producing?
- GAVRANOVIC is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GAVRANOVIC is August 2026.
- How much has GAVRANOVIC produced?
- GAVRANOVIC has reported 106,775 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GAVRANOVIC worth?
- The remaining production from GAVRANOVIC is estimated to be worth about $873K in total as of 26 August 2026, within a range of $681K to $1.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GAVRANOVIC is a fraction of it. The estimate fits an Arps decline curve to the production GAVRANOVIC has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GAVRANOVIC is an estimate of value, not an offer and not an appraisal.
- How much income does GAVRANOVIC generate in a year?
- GAVRANOVIC is forecast to net about $168K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GAVRANOVIC receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cico Oil & Gas Company |
|---|---|
| Field | Hillje, South |
| County | Wharton County, Texas |
| RRC district | 03 |
| Lease number | 20780 |
| Wellbores | 1 |
| Reported production | 106,775 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $873K |
Where GAVRANOVIC 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.