UNIT B
UNIT B is a Texas oil lease in Wood County, Railroad Commission district 06, operated by Gaither Petroleum Corporation. It has 16 wellbores on file with the Commission. Reported production runs from September 2015 to August 2026, totalling 2,034 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 $145K, with roughly $28K 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 43 barrels a month, about 3 per wellbore. Its strongest month on the record we hold was September 2025, at 208 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 UNIT B
- Who operates UNIT B?
- UNIT B is operated by Gaither Petroleum Corporation, Railroad Commission of Texas operator number 292850.
- Where is UNIT B?
- UNIT B is a Texas oil lease in Wood County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 15473.
- Is UNIT B still producing?
- UNIT B is currently producing. The most recent month of production reported to the Railroad Commission of Texas for UNIT B is August 2026.
- How much has UNIT B produced?
- UNIT B has reported 2,034 barrels of oil (bbl) to the Railroad Commission of Texas between September 2015 and August 2026, from 16 wellbores.
- How much is UNIT B worth?
- The remaining production from UNIT B is estimated to be worth about $145K in total as of 26 August 2026, within a range of $80K to $210K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in UNIT B is a fraction of it. The estimate fits an Arps decline curve to the production UNIT B has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for UNIT B is an estimate of value, not an offer and not an appraisal.
- How much income does UNIT B generate in a year?
- UNIT B is forecast to net about $28K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in UNIT B 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 | 15473 |
| Wellbores | 16 |
| Reported production | 2,034 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $145K |
Where UNIT B 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.