GRIMES
GRIMES is a Texas oil lease in Gaines County, Railroad Commission district 8A, operated by WTG Exploration. It has 4 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 251,590 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 $326K 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 529 barrels a month, about 132 per wellbore. Its strongest month on the record we hold was July 2016, at 851 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 GRIMES
- Who operates GRIMES?
- GRIMES is operated by WTG Exploration, Railroad Commission of Texas operator number 945220.
- Where is GRIMES?
- GRIMES is a Texas oil lease in Gaines County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 62726.
- Is GRIMES still producing?
- GRIMES is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRIMES is August 2026.
- How much has GRIMES produced?
- GRIMES has reported 251,590 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 4 wellbores.
- How much is GRIMES worth?
- The remaining production from GRIMES is estimated to be worth about $1.4M in total as of 27 August 2026, within a range of $1.1M to $1.8M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRIMES is a fraction of it. The estimate fits an Arps decline curve to the production GRIMES has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRIMES is an estimate of value, not an offer and not an appraisal.
- How much income does GRIMES generate in a year?
- GRIMES is forecast to net about $326K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GRIMES receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | WTG Exploration |
|---|---|
| Field | Seagraves, South (San Andres) |
| County | Gaines County, Texas |
| RRC district | 8A |
| Lease number | 62726 |
| Wellbores | 4 |
| Reported production | 251,590 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.4M |
Where GRIMES 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.