FREEMAN, C. T. -B-
FREEMAN, C. T. -B- is a Texas oil lease in Grayson County, Railroad Commission district 09, operated by Grayson Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 13,141 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 $326K, with roughly $63K 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 100 barrels a month. Its strongest month on the record we hold was August 2025, at 238 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 FREEMAN, C. T. -B-
- Who operates FREEMAN, C. T. -B-?
- FREEMAN, C. T. -B- is operated by Grayson Petroleum Company, Railroad Commission of Texas operator number 328325.
- Where is FREEMAN, C. T. -B-?
- FREEMAN, C. T. -B- is a Texas oil lease in Grayson County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 03221.
- Is FREEMAN, C. T. -B- still producing?
- FREEMAN, C. T. -B- is currently producing. The most recent month of production reported to the Railroad Commission of Texas for FREEMAN, C. T. -B- is August 2026.
- How much has FREEMAN, C. T. -B- produced?
- FREEMAN, C. T. -B- has reported 13,141 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is FREEMAN, C. T. -B- worth?
- The remaining production from FREEMAN, C. T. -B- is estimated to be worth about $326K in total as of 26 August 2026, within a range of $254K to $398K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in FREEMAN, C. T. -B- is a fraction of it. The estimate fits an Arps decline curve to the production FREEMAN, C. T. -B- has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for FREEMAN, C. T. -B- is an estimate of value, not an offer and not an appraisal.
- How much income does FREEMAN, C. T. -B- generate in a year?
- FREEMAN, C. T. -B- is forecast to net about $63K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in FREEMAN, C. T. -B- receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Grayson Petroleum Company |
|---|---|
| Field | Southmayd (Ellenburger) |
| County | Grayson County, Texas |
| RRC district | 09 |
| Lease number | 03221 |
| Wellbores | 1 |
| Reported production | 13,141 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $326K |
Where FREEMAN, C. T. -B- 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.