TURNER GREGORY UNIT
TURNER GREGORY UNIT is a Texas oil lease in Mitchell County, Railroad Commission district 08, operated by Melrose Operating Company. It has 144 wellbores on file with the Commission. Reported production runs from October 2002 to August 2026, totalling 1,717,697 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 $9.7M, with roughly $2.4M 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 3,576 barrels a month, about 25 per wellbore. Its strongest month on the record we hold was July 2016, at 9,466 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 TURNER GREGORY UNIT
- Who operates TURNER GREGORY UNIT?
- TURNER GREGORY UNIT is operated by Melrose Operating Company, Railroad Commission of Texas operator number 559593.
- Where is TURNER GREGORY UNIT?
- TURNER GREGORY UNIT is a Texas oil lease in Mitchell County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 36961.
- Is TURNER GREGORY UNIT still producing?
- TURNER GREGORY UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TURNER GREGORY UNIT is August 2026.
- How much has TURNER GREGORY UNIT produced?
- TURNER GREGORY UNIT has reported 1,717,697 barrels of oil (bbl) to the Railroad Commission of Texas between October 2002 and August 2026, from 144 wellbores.
- How much is TURNER GREGORY UNIT worth?
- The remaining production from TURNER GREGORY UNIT is estimated to be worth about $9.7M in total as of 27 August 2026, within a range of $8.1M to $11.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TURNER GREGORY UNIT is a fraction of it. The estimate fits an Arps decline curve to the production TURNER GREGORY UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TURNER GREGORY UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does TURNER GREGORY UNIT generate in a year?
- TURNER GREGORY UNIT is forecast to net about $2.4M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TURNER GREGORY UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Melrose Operating Company |
|---|---|
| Field | Turner-Gregory (Clear Fork) |
| County | Mitchell County, Texas |
| RRC district | 08 |
| Lease number | 36961 |
| Wellbores | 144 |
| Reported production | 1,717,697 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.7M |
Where TURNER GREGORY UNIT 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.