GRAVES 203 UNIT
GRAVES 203 UNIT is a Texas oil lease in Glasscock County, Railroad Commission district 08, operated by Oxy USA Inc. It has 2 wellbores on file with the Commission. Reported production runs from November 2014 to August 2026, totalling 344,306 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 $2.0M, with roughly $560K 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 900 barrels a month, about 450 per wellbore. Its strongest month on the record we hold was June 2016, at 6,321 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 GRAVES 203 UNIT
- Who operates GRAVES 203 UNIT?
- GRAVES 203 UNIT is operated by Oxy USA Inc., Railroad Commission of Texas operator number 630591.
- Where is GRAVES 203 UNIT?
- GRAVES 203 UNIT is a Texas oil lease in Glasscock County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 46695.
- Is GRAVES 203 UNIT still producing?
- GRAVES 203 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAVES 203 UNIT is August 2026.
- How much has GRAVES 203 UNIT produced?
- GRAVES 203 UNIT has reported 344,306 barrels of oil (bbl) to the Railroad Commission of Texas between November 2014 and August 2026, from 2 wellbores.
- How much is GRAVES 203 UNIT worth?
- The remaining production from GRAVES 203 UNIT is estimated to be worth about $2.0M in total as of 26 August 2026, within a range of $1.5M to $2.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAVES 203 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GRAVES 203 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAVES 203 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GRAVES 203 UNIT generate in a year?
- GRAVES 203 UNIT is forecast to net about $560K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAVES 203 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Glasscock County, Texas |
| RRC district | 08 |
| Lease number | 46695 |
| Wellbores | 2 |
| Reported production | 344,306 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.0M |
Where GRAVES 203 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.