GRAHAM UNIT 140-141
GRAHAM UNIT 140-141 is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Callon Petroleum Operating Co. It has 3 wellbores on file with the Commission. Reported production runs from August 2021 to August 2026, totalling 800,343 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 $7.9M, with roughly $3.2M 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 5,037 barrels a month, about 1,679 per wellbore. Its strongest month on the record we hold was November 2021, at 52,559 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 GRAHAM UNIT 140-141
- Who operates GRAHAM UNIT 140-141?
- GRAHAM UNIT 140-141 is operated by Callon Petroleum Operating Co, Railroad Commission of Texas operator number 124828.
- Where is GRAHAM UNIT 140-141?
- GRAHAM UNIT 140-141 is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 56671.
- Is GRAHAM UNIT 140-141 still producing?
- GRAHAM UNIT 140-141 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAHAM UNIT 140-141 is August 2026.
- How much has GRAHAM UNIT 140-141 produced?
- GRAHAM UNIT 140-141 has reported 800,343 barrels of oil (bbl) to the Railroad Commission of Texas between August 2021 and August 2026, from 3 wellbores.
- How much is GRAHAM UNIT 140-141 worth?
- The remaining production from GRAHAM UNIT 140-141 is estimated to be worth about $7.9M in total as of 27 August 2026, within a range of $6.6M to $9.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAHAM UNIT 140-141 is a fraction of it. The estimate fits an Arps decline curve to the production GRAHAM UNIT 140-141 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAHAM UNIT 140-141 is an estimate of value, not an offer and not an appraisal.
- How much income does GRAHAM UNIT 140-141 generate in a year?
- GRAHAM UNIT 140-141 is forecast to net about $3.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GRAHAM UNIT 140-141 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Callon Petroleum Operating Co |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 56671 |
| Wellbores | 3 |
| Reported production | 800,343 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $7.9M |
Where GRAHAM UNIT 140-141 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.