GRIMES, L. A.
GRIMES, L. A. is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Laguna Petroleum Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 30,061 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 $321K, with roughly $62K 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 77 barrels a month. Its strongest month on the record we hold was September 2021, at 131 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 GRIMES, L. A.
- Who operates GRIMES, L. A.?
- GRIMES, L. A. is operated by Laguna Petroleum Corporation, Railroad Commission of Texas operator number 482327.
- Where is GRIMES, L. A.?
- GRIMES, L. A. is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 20655.
- Is GRIMES, L. A. still producing?
- GRIMES, L. A. is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRIMES, L. A. is August 2026.
- How much has GRIMES, L. A. produced?
- GRIMES, L. A. has reported 30,061 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GRIMES, L. A. worth?
- The remaining production from GRIMES, L. A. is estimated to be worth about $321K in total as of 26 August 2026, within a range of $176K to $465K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRIMES, L. A. is a fraction of it. The estimate fits an Arps decline curve to the production GRIMES, L. A. has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRIMES, L. A. is an estimate of value, not an offer and not an appraisal.
- How much income does GRIMES, L. A. generate in a year?
- GRIMES, L. A. is forecast to net about $62K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRIMES, L. A. receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Laguna Petroleum Corporation |
|---|---|
| Field | Big Mineral, Se. (E Sand FB V) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 20655 |
| Wellbores | 1 |
| Reported production | 30,061 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $321K |
Where GRIMES, L. A. 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.