GRESSETT
GRESSETT is a Texas gas lease in Grimes County, Railroad Commission district 03, operated by Cashco Oil Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 470,919 thousand cubic feet. 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 $151K, with roughly $25K 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 830 thousand cubic feet a month. Its strongest month on the record we hold was January 2021, at 1,534 thousand cubic feet. 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 GRESSETT
- Who operates GRESSETT?
- GRESSETT is operated by Cashco Oil Company, Railroad Commission of Texas operator number 139582.
- Where is GRESSETT?
- GRESSETT is a Texas gas lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 087062.
- Is GRESSETT still producing?
- GRESSETT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRESSETT is August 2026.
- How much has GRESSETT produced?
- GRESSETT has reported 470,919 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GRESSETT worth?
- The remaining production from GRESSETT is estimated to be worth about $151K in total as of 26 August 2026, within a range of $118K to $185K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRESSETT is a fraction of it. The estimate fits an Arps decline curve to the production GRESSETT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRESSETT is an estimate of value, not an offer and not an appraisal.
- How much income does GRESSETT generate in a year?
- GRESSETT is forecast to net about $25K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRESSETT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Cashco Oil Company |
|---|---|
| Field | Iola (Glen Rose -B-) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 087062 |
| Wellbores | 1 |
| Reported production | 470,919 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $151K |
Where GRESSETT 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.