TRUE GRIT 712
TRUE GRIT 712 is a Texas oil lease in Yoakum County, Railroad Commission district 8A, operated by Riley Permian Operating Co, LLC. It has 2 wellbores on file with the Commission. Reported production runs from November 2020 to August 2026, totalling 295,208 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 $8.0M, with roughly $2.0M 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 2,736 barrels a month, about 1,368 per wellbore. Its strongest month on the record we hold was November 2021, at 19,089 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 TRUE GRIT 712
- Who operates TRUE GRIT 712?
- TRUE GRIT 712 is operated by Riley Permian Operating Co, LLC, Railroad Commission of Texas operator number 712217.
- Where is TRUE GRIT 712?
- TRUE GRIT 712 is a Texas oil lease in Yoakum County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 71137.
- Is TRUE GRIT 712 still producing?
- TRUE GRIT 712 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TRUE GRIT 712 is August 2026.
- How much has TRUE GRIT 712 produced?
- TRUE GRIT 712 has reported 295,208 barrels of oil (bbl) to the Railroad Commission of Texas between November 2020 and August 2026, from 2 wellbores.
- How much is TRUE GRIT 712 worth?
- The remaining production from TRUE GRIT 712 is estimated to be worth about $8.0M in total as of 27 August 2026, within a range of $6.7M to $9.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TRUE GRIT 712 is a fraction of it. The estimate fits an Arps decline curve to the production TRUE GRIT 712 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 712 is an estimate of value, not an offer and not an appraisal.
- How much income does TRUE GRIT 712 generate in a year?
- TRUE GRIT 712 is forecast to net about $2.0M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TRUE GRIT 712 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Riley Permian Operating Co, LLC |
|---|---|
| Field | Platang (San Andres) |
| County | Yoakum County, Texas |
| RRC district | 8A |
| Lease number | 71137 |
| Wellbores | 2 |
| Reported production | 295,208 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $8.0M |
Where TRUE GRIT 712 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.