GOAD
GOAD is a Texas gas lease in Wheeler County, Railroad Commission district 10, operated by Forest Oil Corporation. It has 1 wellbore on file with the Commission. Reported production runs from August 2012 to August 2026, totalling 1,719,190 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 $640K, with roughly $112K 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 3,019 thousand cubic feet a month. Its strongest month on the record we hold was May 2016, at 8,143 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 GOAD
- Who operates GOAD?
- GOAD is operated by Forest Oil Corporation, Railroad Commission of Texas operator number 275740.
- Where is GOAD?
- GOAD is a Texas gas lease in Wheeler County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 265819.
- Is GOAD still producing?
- GOAD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GOAD is August 2026.
- How much has GOAD produced?
- GOAD has reported 1,719,190 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between August 2012 and August 2026, from 1 wellbore.
- How much is GOAD worth?
- The remaining production from GOAD is estimated to be worth about $640K in total as of 26 August 2026, within a range of $531K to $748K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GOAD is a fraction of it. The estimate fits an Arps decline curve to the production GOAD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GOAD is an estimate of value, not an offer and not an appraisal.
- How much income does GOAD generate in a year?
- GOAD is forecast to net about $112K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GOAD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Forest Oil Corporation |
|---|---|
| Field | Wheeler N.E. (Granite Wash) |
| County | Wheeler County, Texas |
| RRC district | 10 |
| Lease number | 265819 |
| Wellbores | 1 |
| Reported production | 1,719,190 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $640K |
Where GOAD 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.