TRACT 19
TRACT 19 is a Texas oil lease in Wood County, Railroad Commission district 06, operated by Gaither Petroleum Corporation. It has 1 wellbore on file with the Commission. Reported production runs from February 2011 to August 2026, totalling 3,223 barrels. The lease is intermittent. 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 $189K, with roughly $36K 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 56 barrels a month. Its strongest month on the record we hold was August 2025, at 186 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 TRACT 19
- Who operates TRACT 19?
- TRACT 19 is operated by Gaither Petroleum Corporation, Railroad Commission of Texas operator number 292850.
- Where is TRACT 19?
- TRACT 19 is a Texas oil lease in Wood County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15026.
- Is TRACT 19 still producing?
- TRACT 19 is intermittent. The most recent month of production reported to the Railroad Commission of Texas for TRACT 19 is August 2026.
- How much has TRACT 19 produced?
- TRACT 19 has reported 3,223 barrels of oil (bbl) to the Railroad Commission of Texas between February 2011 and August 2026, from 1 wellbore.
- How much is TRACT 19 worth?
- The remaining production from TRACT 19 is estimated to be worth about $189K in total as of 27 August 2026, within a range of $104K to $274K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TRACT 19 is a fraction of it. The estimate fits an Arps decline curve to the production TRACT 19 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TRACT 19 is an estimate of value, not an offer and not an appraisal.
- How much income does TRACT 19 generate in a year?
- TRACT 19 is forecast to net about $36K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TRACT 19 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gaither Petroleum Corporation |
|---|---|
| Field | Forest Hill (Harris Sand) |
| County | Wood County, Texas |
| RRC district | 06 |
| Lease number | 15026 |
| Wellbores | 1 |
| Reported production | 3,223 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $189K |
Where TRACT 19 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.