GRIFFIN RANCH G.U. 7
GRIFFIN RANCH G.U. 7 is a Texas oil lease in Gregg County, Railroad Commission district 06, operated by Geo-Vest Of Texas, Inc. It has 2 wellbores on file with the Commission. Reported production runs from September 2007 to August 2026, totalling 39,842 barrels. The lease is shut in. 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 $2K, with roughly $346 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 0 barrels a month. Its strongest month on the record we hold was May 2016, at 150 barrels.
Key facts about GRIFFIN RANCH G.U. 7
- Who operates GRIFFIN RANCH G.U. 7?
- GRIFFIN RANCH G.U. 7 is operated by Geo-Vest Of Texas, Inc., Railroad Commission of Texas operator number 300267.
- Where is GRIFFIN RANCH G.U. 7?
- GRIFFIN RANCH G.U. 7 is a Texas oil lease in Gregg County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 14712.
- Is GRIFFIN RANCH G.U. 7 still producing?
- GRIFFIN RANCH G.U. 7 is shut in. The most recent month of production reported to the Railroad Commission of Texas for GRIFFIN RANCH G.U. 7 is August 2026.
- How much has GRIFFIN RANCH G.U. 7 produced?
- GRIFFIN RANCH G.U. 7 has reported 39,842 barrels of oil (bbl) to the Railroad Commission of Texas between September 2007 and August 2026, from 2 wellbores.
- How much is GRIFFIN RANCH G.U. 7 worth?
- The remaining production from GRIFFIN RANCH G.U. 7 is estimated to be worth about $2K in total as of 26 August 2026. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRIFFIN RANCH G.U. 7 is a fraction of it. The estimate fits an Arps decline curve to the production GRIFFIN RANCH G.U. 7 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRIFFIN RANCH G.U. 7 is an estimate of value, not an offer and not an appraisal.
- How much income does GRIFFIN RANCH G.U. 7 generate in a year?
- GRIFFIN RANCH G.U. 7 is forecast to net about $346 across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRIFFIN RANCH G.U. 7 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Geo-Vest Of Texas, Inc. |
|---|---|
| Field | Danville (Pettit-A-Oil) |
| County | Gregg County, Texas |
| RRC district | 06 |
| Lease number | 14712 |
| Wellbores | 2 |
| Reported production | 39,842 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2K |
Where GRIFFIN RANCH G.U. 7 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.