NGR FIVELAND
NGR FIVELAND is a Texas oil lease in Grimes County, Railroad Commission district 05, operated by New Gulf Resources, LLC. It has 1 wellbore on file with the Commission. Reported production runs from September 2015 to August 2026, totalling 31,187 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 $133K, 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 27 barrels a month. Its strongest month on the record we hold was May 2016, at 906 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 NGR FIVELAND
- Who operates NGR FIVELAND?
- NGR FIVELAND is operated by New Gulf Resources, LLC, Railroad Commission of Texas operator number 606085.
- Where is NGR FIVELAND?
- NGR FIVELAND is a Texas oil lease in Grimes County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 04240.
- Is NGR FIVELAND still producing?
- NGR FIVELAND is currently producing. The most recent month of production reported to the Railroad Commission of Texas for NGR FIVELAND is August 2026.
- How much has NGR FIVELAND produced?
- NGR FIVELAND has reported 31,187 barrels of oil (bbl) to the Railroad Commission of Texas between September 2015 and August 2026, from 1 wellbore.
- How much is NGR FIVELAND worth?
- The remaining production from NGR FIVELAND is estimated to be worth about $133K in total as of 26 August 2026, within a range of $73K to $193K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in NGR FIVELAND is a fraction of it. The estimate fits an Arps decline curve to the production NGR FIVELAND has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for NGR FIVELAND is an estimate of value, not an offer and not an appraisal.
- How much income does NGR FIVELAND generate in a year?
- NGR FIVELAND 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 NGR FIVELAND receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | New Gulf Resources, LLC |
|---|---|
| Field | Aguila Vado (Eagleford) |
| County | Grimes County, Texas |
| RRC district | 05 |
| Lease number | 04240 |
| Wellbores | 1 |
| Reported production | 31,187 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $133K |
Where NGR FIVELAND 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.