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Texas oil lease

Producing

GIBBS UNIT

Gibbs Unit is an oil lease in Karnes County, Texas, operated by EOG Resources, Inc. in the Eagleville (Eagle Ford-2) field.

2 wells

19,123bbl oil, last 12 months−5% vs prior year
Operator
EOG Resources, Inc.
County
Karnes County
Field
Eagleville (Eagle Ford-2)
RRC lease
02-09728

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Where it sits

This county

Karnes CountyKarnesAtascosaGoliadWilsonGonzalesDe WittBexarKarnes County
Karnes County
Gas, last 12 months
14,448 mcf
Oil in Jul 2026
1,508 bbl

Production by month

Oil output fell 5% over the last 12 months

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for GIBBS UNIT, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 19,123 bbl in the 12 months through Jul 2026, against 20,105 bbl in the 12 months before.Last 12 months: 19,123 bblbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 5% over the last 12 monthsMonthly oil production and gas for GIBBS UNIT, Aug 2023 to Jul 2026. Oil output fell 5% over the last 12 months. 19,123 bbl in the 12 months through Jul 2026, against 20,105 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month005005001,0001,0001,5001,5002,0002,000Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since Jan 2026 the lease's gas goes to lease fuel instead of a processing plant

Flaring peaked at 18.9% of the gas in Jul 2026.

  • Processing plant (3)
  • Lease fuel (1)
  • Flared (4)
Since Jan 2026 the lease's gas goes to lease fuel instead of a processing plantShare of GIBBS UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2026 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 18.9% of the gas in Jul 2026.Share of the lease’s gas by disposition code, per month0%50%100%Jan 2026: plant to fuelFlared 18.9%Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since Jan 2026 the lease's gas goes to lease fuel instead of a processing plantShare of GIBBS UNIT gas by disposition code each month, Aug 2023 to Jul 2026. Since Jan 2026 the lease's gas goes to lease fuel instead of a processing plant. Flaring peaked at 18.9% of the gas in Jul 2026.Share of gas by disposition code0%50%100%Jan 26: plant to fuelFlared 18.9%Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Lease fuel (1)

    54% · 7,776 mcf

  • Processing plant (3)

    34% · 4,951 mcf

  • Flared (4)

    12% · 1,721 mcf

11.9% of the gas flared in the last 12 months. 36 months above 3%.

2 wells on this lease

Wells on GIBBS UNIT
API numberWell no.Status
42-255-320263HActive
42-255-340991HActive

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%From
Eog Resources Marketing LLCOilGathers100Apr 1, 2015
Eog Resources, Inc.Casinghead gasBuys100Sep 1, 2011
Eog Resources, Inc.Casinghead gasGathers100Sep 1, 2011

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

Who buys my oilOil price check

755.12 acres on the newest permit

Permits for Gibbs Unit
API numberWell no.Acreson the permit
42-255-340991H755.12
42-255-320263H755.12

SourceRailroad Commission drilling permits, Sep 26, 2026 (source 1, source 2).

Unit decimal checker

What EOG Resources, Inc. told investors it received

EOG Resources, Inc. is linked to EOG Resources, Inc. (EOG).
Realized prices reported by EOG Resources, Inc.
QuarterOil$ per bblFiling
Q2 2026$98.15SEC filing
Q1 2026$72.47SEC filing
Q3 2025$65.95SEC filing
Q2 2025$64.82SEC filing
Q1 2025$72.87SEC filing
Q3 2024$76.92SEC filing

SourceEOG Resources, Inc. quarterly reports, SEC EDGAR, company-wide averages before hedging.

Estimate your royalty

36 months, newest first

Ledger for GIBBS UNIT
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 20261,5081,322726160137$80.46$2.89
Jun 20261,4831,519979409141$84.81$3.15
May 20261,5831,4911,041327144$102.13$2.94
Apr 20261,5831,5281,336561160$100.32$2.77
Mar 20261,6511,7171,360512163$91.38$3.04
Feb 20261,5061,7031,292388146$64.51$3.62
Jan 20261,6851,5131,251406159$60.04$7.72
Dec 20251,8371,8791,559753189$57.97$4.26
Nov 20251,7721,6911,03463125$60.06$3.79
Oct 20251,1791,318744126106$60.89$3.19
Sep 20251,6351,6441,611620127$63.96$2.97
Aug 20251,7011,6091,515626124$64.86$2.91
Jul 20251,6371,7981,372546119$68.39$3.20
Jun 20251,6561,6621,630752145$68.17$3.02
May 20251,7601,6851,596758146$62.17$3.12
Apr 20251,4671,4921,365605127$63.54$3.42
Mar 20251,7711,6981,839919158$68.24$4.12
Feb 20251,6701,7011,135338114$71.53$4.19
Jan 20251,9301,88096363147$75.74$4.13
Dec 20241,5061,5061,136551140$70.12$3.01
Nov 20241,5271,5161,188668130$69.95$2.12
Oct 20241,9081,8881,498914168$71.99$2.20
Sep 20241,6461,702956425159$70.24$2.28
Aug 20241,6271,67487538092$76.68$1.99
Jul 20241,6781,6811,377862112$81.80$2.07
Jun 20241,7641,6811,5611,032122$79.77$2.54
May 20241,7991,8901,521998123$80.02$2.12
Apr 20241,7431,6961,422904121$85.35$1.60
Mar 20241,8491,8991,9441,287206$81.28$1.49
Feb 20241,7251,7111,8011,094194$77.25$1.72
Jan 20241,8651,7231,650907203$74.15$3.18
Dec 20231,9792,0741,6671,019167$71.90$2.52
Nov 20231,7611,9051,017485138$77.69$2.71
Oct 20231,7671,7091,8981,287162$85.64$2.98
Sep 20231,9011,8821,497922158$89.43$2.64
Aug 20231,6901,6671,7041,150142$81.39$2.58

Flared above 3%

SourceTexas Railroad Commission Production Data Query, through Jul 2026. Prices: EIA, through Aug 2026. Updated Sep 28, 2026.

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Nearby

This lease belongs to

OperatorEOG Resources, Inc.FieldEagleville (Eagle Ford-2)CountyKarnes County

EOG Resources, Inc. in Karnes County

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