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Texas oil lease

Producing

GIBBS, WALTER JR.

Gibbs, Walter JR. is an oil lease in Burleson County, Texas, operated by Wildfire Energy Operating LLC in the Giddings (Austin Chalk-3) field.

1 well

753bbl oil, last 12 months−27% vs prior year
Operator
Wildfire Energy Operating LLC
County
Burleson County
Field
Giddings (Austin Chalk-3)
RRC lease
03-20684

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Where it sits

This county

Burleson CountyBurlesonMadisonBastropWashingtonBrazosLeeRobertsonGrimesMilamBurleson County
Burleson County
Gas, last 12 months
39 mcf
Oil in Jun 2026
72 bbl

Checks stopped on this lease?

  • Sales

    No sales reported for the last 4 months of state data (through Jul 2026).

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

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Production by month

Oil output fell 27% over the last 12 months

Jul 2026 was not reported.

  • Oil (bars)
  • Gas (line)
  • Last 12 months
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for GIBBS, WALTER JR., Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 690 bbl in the 12 months through Jul 2026, against 944 bbl in the 12 months before.Last 12 months: 690 bblbbl per monthmcf per month00251005020075300100400125500Oct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Oil output fell 27% over the last 12 monthsMonthly oil production and gas for GIBBS, WALTER JR., Aug 2023 to Jul 2026. Oil output fell 27% over the last 12 months. 690 bbl in the 12 months through Jul 2026, against 944 bbl in the 12 months before.Last 12 monthsbbl per monthmcf per month00251005020075300100400125500Jan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

Where the gas went

Since May 2026 the lease's gas goes to a transmission line instead of lease fuel

  • Transmission line (2)
  • Lease fuel (1)
Since May 2026 the lease's gas goes to a transmission line instead of lease fuelShare of GIBBS, WALTER JR. gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2026 the lease's gas goes to a transmission line instead of lease fuel.Share of the lease’s gas by disposition code, per month0%50%100%May 2026: fuel to lineOct 23Jan 24AprJulOctJan 25AprJulOctJan 26AprJul
Since May 2026 the lease's gas goes to a transmission line instead of lease fuelShare of GIBBS, WALTER JR. gas by disposition code each month, Aug 2023 to Jul 2026. Since May 2026 the lease's gas goes to a transmission line instead of lease fuel.Share of gas by disposition code0%50%100%May 26: fuel to lineJan 24JulJan 25JulJan 26Jul

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

  • Transmission line (2)

    94% · 1,650 mcf

  • Lease fuel (1)

    6.0% · 106 mcf

Who has run this lease

The operator changed once, most recently in Mar 2023

Operators of this lease over timeChesapeake Operating, L.L.C., Jan 2020 to Feb 2023; Wildfire Energy Operating LLC, Mar 2023 to Jun 20262020202120222023202420252026Changed Mar 2023Chesapeake Operating, L.L.C.Jan 2020 to Feb 2023Wildfire Energy Operating LLCMar 2023 to now
Operators of this lease over timeChesapeake Operating, L.L.C., Jan 2020 to Feb 2023; Wildfire Energy Operating LLC, Mar 2023 to Jun 20262020202120222023202420252026Changed Mar 2023Chesapeake Operating, L.L.C.Jan 2020 to Feb 2023Wildfire Energy Operating LLCMar 2023 to now

SourceTexas Railroad Commission Production Data Query, through Jul 2026.

1 well on this lease

Wells on GIBBS, WALTER JR.
API numberWell no.Status
42-051-330521Active

SourceTexas Railroad Commission Wellbore Query.

Buyers and gatherers

Companies named on the Form P-4, by product
CompanyProductRoleShare%FromUntil
Energy Trans Crude Marketing LLCOilGathers51May 25, 2023–
Shell Trading (Us) CompanyOilGathers49May 25, 2023–
Energy Transfer CompanyCasinghead gasBuys100Nov 1, 2020–
Energy Transfer CompanyCasinghead gasGathers100Jul 7, 2016–
Chesapeake Energy Mktg, L.l.c.OilGathers10Nov 1, 2020May 25, 2023
Energy Trans Crude Marketing LLCOilGathers90Jul 1, 2021May 25, 2023
Sunoco Ptnrs. Mktg.&terminals LPOilGathers90Mar 1, 2021Jul 1, 2021
Shell Trading (Us) CompanyOilGathers90Nov 1, 2020Mar 1, 2021
Etc Texas P/L, LTDCasinghead gasBuys100Jul 7, 2016Nov 1, 2020
Flint Hills Resources, LPOilGathers100Mar 1, 2002Nov 1, 2020

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

Who buys my oilOil price check

162.53 acres on the newest permit

Check your decimal on this lease
Permits for Gibbs, Walter JR.
API numberWell no.Acreson the permit
42-051-330521162.53

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

Unit decimal checker

Estimate your royalty

36 months, newest first

Ledger for GIBBS, WALTER JR.
MonthOil producedbblOil soldbblGas producedmcfGas soldmcf, codes 2+3FlaredmcfWTI$/bblHenry Hub$/MMBtu
Jul 2026No report–––––$80.46$2.89
Jun 2026Wildfire Energy720000$84.81$3.15
May 2026Wildfire Energy47015140$102.13$2.94
Apr 2026Wildfire Energy300000$100.32$2.77
Mar 2026Wildfire Energy57176000$91.38$3.04
Feb 2026Wildfire Energy530000$64.51$3.62
Jan 2026Wildfire Energy650000$60.04$7.72
Dec 2025Wildfire Energy64179000$57.97$4.26
Nov 2025Wildfire Energy610000$60.06$3.79
Oct 2025Wildfire Energy760000$60.89$3.19
Sep 2025Wildfire Energy69181000$63.96$2.97
Aug 2025Wildfire Energy960100$64.86$2.91
Jul 2025Wildfire Energy6317923210$68.39$3.20
Jun 2025Wildfire Energy28052480$68.17$3.02
May 2025Wildfire Energy590100930$62.17$3.12
Apr 2025Wildfire Energy86179103960$63.54$3.42
Mar 2025Wildfire Energy54097910$68.24$4.12
Feb 2025Wildfire Energy7401531440$71.53$4.19
Jan 2025Wildfire Energy831771461380$75.74$4.13
Dec 2024Wildfire Energy981822962810$70.12$3.01
Nov 2024Wildfire Energy10804013770$69.95$2.12
Oct 2024Wildfire Energy1071693693470$71.99$2.20
Sep 2024Wildfire Energy10302132000$70.24$2.28
Aug 2024Wildfire Energy811771221140$76.68$1.99
Jul 2024Wildfire Energy9101451360$81.80$2.07
Jun 2024Wildfire Energy951691511420$79.77$2.54
May 2024Wildfire Energy8001511420$80.02$2.12
Apr 2024Wildfire Energy1211801591500$85.35$1.60
Mar 2024Wildfire Energy34086810$81.28$1.49
Feb 2024Wildfire Energy1211852021910$77.25$1.72
Jan 2024Wildfire Energy8002011890$74.15$3.18
Dec 2023Wildfire Energy1071791891780$71.90$2.52
Nov 2023Wildfire Energy9501521430$77.69$2.71
Oct 2023Wildfire Energy891751741640$85.64$2.98
Sep 2023Wildfire Energy1051762051940$89.43$2.64
Aug 2023Wildfire Energy11102091970$81.39$2.58

No report filed

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

OperatorWildfire Energy Operating LLCFieldGiddings (Austin Chalk-3)CountyBurleson County

Wildfire Energy Operating LLC in Burleson County

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Giddings (Austin Chalk-3) field

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