GRESHAM "39"
GRESHAM "39" is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Petroplex Energy Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2012 to August 2026, totalling 46,580 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values a standard royalty share at about $12K, with roughly $2K expected over the next twelve months.
| Operator | Petroplex Energy Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 45313 |
| Wellbores | 1 |
| Reported production | 46,580 bbl |
| First reported | April 2012 |
| Last reported | August 2026 |
| Estimated royalty value | $12K |
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.