TERRY HEIRS
TERRY HEIRS is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Kepco. Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 30,678 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 $551K, with roughly $106K 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 139 barrels a month. Its strongest month on the record we hold was December 2019, at 260 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 TERRY HEIRS
- Who operates TERRY HEIRS?
- TERRY HEIRS is operated by Kepco. Inc., Railroad Commission of Texas operator number 457446.
- Where is TERRY HEIRS?
- TERRY HEIRS is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 22328.
- Is TERRY HEIRS still producing?
- TERRY HEIRS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TERRY HEIRS is August 2026.
- How much has TERRY HEIRS produced?
- TERRY HEIRS has reported 30,678 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is TERRY HEIRS worth?
- The remaining production from TERRY HEIRS is estimated to be worth about $551K in total as of 26 August 2026, within a range of $430K to $672K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TERRY HEIRS is a fraction of it. The estimate fits an Arps decline curve to the production TERRY HEIRS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TERRY HEIRS is an estimate of value, not an offer and not an appraisal.
- How much income does TERRY HEIRS generate in a year?
- TERRY HEIRS is forecast to net about $106K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TERRY HEIRS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Kepco. Inc. |
|---|---|
| Field | Sherman (Pennsylvanian Lower) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 22328 |
| Wellbores | 1 |
| Reported production | 30,678 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $551K |
Where TERRY HEIRS 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.