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Texas gas well

Producing

GIBBS ESTATE (AW)

Gibbs Estate (Aw) is a gas well in Wise County, Texas, operated by BKV Barnett II, LLC in the Newark, East (Barnett Shale) field.

1 well

428,622mcf gas, last 12 months−27% vs prior year
Operator
BKV Barnett II, LLC
County
Wise County
Field
Newark, East (Barnett Shale)
RRC lease
09-291011

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Where it sits

This county

Wise CountyWiseJackClayCookeMontagueDentonWise County
Wise County
Gas in Jul 2026
41,396 mcf
Reporting since
Mar 2021

Checks stopped on this lease?

  • Operator

    Operator changed: BKV Barnett II, LLC took over from Bedrock Production, LLC in Sep 2025.

SourceRailroad Commission production, P-5 and P-4 records, data through Jul 2026.

See why checks stop on this lease

Production by month

Gas output fell 27% over the last 12 months

  • Gas (bars)
  • Last 12 months
Gas output fell 27% over the last 12 monthsMonthly gas production for GIBBS ESTATE (AW), Aug 2023 to Jul 2026. Gas output fell 27% over the last 12 months. 428,622 mcf in the 12 months through Jul 2026, against 587,369 mcf in the 12 months before.Last 12 months: 428,622 mcfmcf per month020k40k60k80kOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Gas output fell 27% over the last 12 monthsMonthly gas production for GIBBS ESTATE (AW), Aug 2023 to Jul 2026. Gas output fell 27% over the last 12 months. 428,622 mcf in the 12 months through Jul 2026, against 587,369 mcf in the 12 months before.Last 12 monthsmcf per month020k40k60k80kJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

All of the gas went to a transmission line in the last 12 months

All of the gas went to a transmission line in the last 12 monthsShare of GIBBS ESTATE (AW) gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of the lease’s gas by disposition code, per month0%50%100%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
All of the gas went to a transmission line in the last 12 monthsShare of GIBBS ESTATE (AW) gas by disposition code each month, Aug 2023 to Jul 2026. All of the gas went to a transmission line in the last 12 months.Share of gas by disposition code0%50%100%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Who has run this lease

The operator changed once, most recently in Sep 2025

Operators of this lease over timeBedrock Production, LLC, Mar 2021 to Aug 2025; BKV Barnett II, LLC, Sep 2025 to Jul 202620222023202420252026Changed Sep 2025Bedrock Production, LLCMar 2021 to Aug 2025BKV Barnett II, LLCSep 2025 to now
Operators of this lease over timeBedrock Production, LLC, Mar 2021 to Aug 2025; BKV Barnett II, LLC, Sep 2025 to Jul 202620222023202420252026Changed Sep 2025Bedrock Production, LLCMar 2021 to Aug 2025BKV Barnett II, LLCSep 2025 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on GIBBS ESTATE (AW)
API numberWell no.Status
42-497-380244HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Ptt Premier Trading and Tran LLCCondensateGathers100Nov 1, 2023–
Enlink Gas Marketing, LPGas-well gasBuys100Mar 1, 2021–
Enlink Midstream Services, LLCGas-well gasGathers100Mar 1, 2021–
Gulfmark Energy, Inc.CondensateGathers100Mar 1, 2021Nov 1, 2023

SourceRailroad Commission Form P-4 file, Sep 24, 2026 (source).

Who buys my oilOil price check

863.31 acres on the newest permit

  • Worth asking

    An allocation well is on this lease

    A well drilled across several tracts shares its production by an allocation formula, so the decimal is not always your acres over the unit acres. Ask the operator for the allocation formula and the tract factor for your land.

  • Worth asking

    A Rule 37 case is listed

    The RRC permit records list a Rule 37 case. This does not establish your royalty share. Ask for the permit and unit plat for your well.

Check your decimal on this lease
Permits for Gibbs Estate (Aw)
API numberWell no.Acreson the permit
42-497-380244H863.31

SourceRailroad Commission drilling permits, Oct 3, 2026 (source 1, source 2).

Unit decimal checker

What BKV Corporation told investors it received

BKV Barnett II, LLC is linked to BKV Corporation (BKV).
Realized prices reported by BKV Corporation
QuarterOil$ per bblFiling
Q2 2026$86.91SEC filing
Q1 2026$70.87SEC filing
Q4 2025$52.61SEC filing
Q3 2025$59.62SEC filing
Q2 2025$57.66SEC filing
Q1 2025$65.28SEC filing

SourceBKV Corporation quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for GIBBS ESTATE (AW)
MonthGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026BKV Barnett41,39641,3960$80.46$2.89
Jun 2026BKV Barnett40,33040,3300$84.81$3.15
May 2026BKV Barnett41,88841,8880$102.13$2.94
Apr 2026BKV Barnett40,95940,9590$100.32$2.77
Mar 2026BKV Barnett42,74642,7460$91.38$3.04
Feb 2026BKV Barnett000$64.51$3.62
Jan 2026BKV Barnett000$60.04$7.72
Dec 2025BKV Barnett45,11845,1180$57.97$4.26
Nov 2025BKV Barnett42,37742,3770$60.06$3.79
Oct 2025BKV Barnett44,74444,7440$60.89$3.19
Sep 2025BKV Barnett43,86543,8650$63.96$2.97
Aug 2025Bedrock Production,45,19945,1990$64.86$2.91
Jul 2025Bedrock Production,46,29546,2950$68.39$3.20
Jun 2025Bedrock Production,45,72845,7280$68.17$3.02
May 2025Bedrock Production,48,17848,1780$62.17$3.12
Apr 2025Bedrock Production,46,16046,1600$63.54$3.42
Mar 2025Bedrock Production,48,95948,9590$68.24$4.12
Feb 2025Bedrock Production,44,39444,3940$71.53$4.19
Jan 2025Bedrock Production,50,09950,0990$75.74$4.13
Dec 2024Bedrock Production,50,75350,7530$70.12$3.01
Nov 2024Bedrock Production,49,87049,8700$69.95$2.12
Oct 2024Bedrock Production,52,17052,1700$71.99$2.20
Sep 2024Bedrock Production,51,09851,0980$70.24$2.28
Aug 2024Bedrock Production,53,66553,6650$76.68$1.99
Jul 2024Bedrock Production,54,43654,4360$81.80$2.07
Jun 2024Bedrock Production,53,37553,3750$79.77$2.54
May 2024Bedrock Production,55,94455,9440$80.02$2.12
Apr 2024Bedrock Production,54,83254,8320$85.35$1.60
Mar 2024Bedrock Production,57,51957,5190$81.28$1.49
Feb 2024Bedrock Production,54,31054,3100$77.25$1.72
Jan 2024Bedrock Production,58,71658,7160$74.15$3.18
Dec 2023Bedrock Production,59,63459,6340$71.90$2.52
Nov 2023Bedrock Production,58,78458,7840$77.69$2.71
Oct 2023Bedrock Production,61,47361,4730$85.64$2.98
Sep 2023Bedrock Production,60,46860,4680$89.43$2.64
Aug 2023Bedrock Production,63,62263,6220$81.39$2.58

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Oct 2, 2026.

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Nearby

This lease belongs to

OperatorBKV Barnett II, LLCFieldNewark, East (Barnett Shale)CountyWise County

BKV Barnett II, LLC in Wise County

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Newark, East (Barnett Shale) field

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