TRUE GRIT
TRUE GRIT is a Texas oil lease in Andrews County, Railroad Commission district 8A, operated by Diamond "M" Production Company. It has 1 wellbore on file with the Commission. Reported production runs from June 2002 to August 2026, totalling 334,216 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 $1.9M, with roughly $434K 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 680 barrels a month. Its strongest month on the record we hold was December 2016, at 8,978 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 TRUE GRIT
- Who operates TRUE GRIT?
- TRUE GRIT is operated by Diamond "M" Production Company, Railroad Commission of Texas operator number 216866.
- Where is TRUE GRIT?
- TRUE GRIT is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 70369.
- Is TRUE GRIT still producing?
- TRUE GRIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TRUE GRIT is August 2026.
- How much has TRUE GRIT produced?
- TRUE GRIT has reported 334,216 barrels of oil (bbl) to the Railroad Commission of Texas between June 2002 and August 2026, from 1 wellbore.
- How much is TRUE GRIT worth?
- The remaining production from TRUE GRIT is estimated to be worth about $1.9M in total as of 27 August 2026, within a range of $1.5M to $2.3M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TRUE GRIT is a fraction of it. The estimate fits an Arps decline curve to the production TRUE GRIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TRUE GRIT is an estimate of value, not an offer and not an appraisal.
- How much income does TRUE GRIT generate in a year?
- TRUE GRIT is forecast to net about $434K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TRUE GRIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Diamond "M" Production Company |
|---|---|
| Field | Diamond -M- (Clear Fork) |
| County | Andrews County, Texas |
| RRC district | 8A |
| Lease number | 70369 |
| Wellbores | 1 |
| Reported production | 334,216 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.9M |
Where TRUE GRIT 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.