GRAFA DEEP
GRAFA DEEP is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Union Oil Company Of California. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 171,688 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 $1.4M, with roughly $302K 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 449 barrels a month, about 150 per wellbore. Its strongest month on the record we hold was December 2022, at 648 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 GRAFA DEEP
- Who operates GRAFA DEEP?
- GRAFA DEEP is operated by Union Oil Company Of California, Railroad Commission of Texas operator number 876520.
- Where is GRAFA DEEP?
- GRAFA DEEP is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 30953.
- Is GRAFA DEEP still producing?
- GRAFA DEEP is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAFA DEEP is August 2026.
- How much has GRAFA DEEP produced?
- GRAFA DEEP has reported 171,688 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is GRAFA DEEP worth?
- The remaining production from GRAFA DEEP is estimated to be worth about $1.4M in total as of 26 August 2026, within a range of $1.1M to $1.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAFA DEEP is a fraction of it. The estimate fits an Arps decline curve to the production GRAFA DEEP has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAFA DEEP is an estimate of value, not an offer and not an appraisal.
- How much income does GRAFA DEEP generate in a year?
- GRAFA DEEP is forecast to net about $302K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAFA DEEP receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Union Oil Company Of California |
|---|---|
| Field | Deep Rock (Penn.) |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 30953 |
| Wellbores | 3 |
| Reported production | 171,688 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where GRAFA DEEP 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.