STRAKE
STRAKE is a Texas oil lease in Grimes County, Railroad Commission district 03, operated by Enervest Operating, L.L.C. It has 1 wellbore on file with the Commission. Reported production runs from May 2013 to August 2026, totalling 105,597 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 $1.0M, with roughly $193K 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 269 barrels a month. Its strongest month on the record we hold was December 2016, at 912 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 STRAKE
- Who operates STRAKE?
- STRAKE is operated by Enervest Operating, L.L.C., Railroad Commission of Texas operator number 252131.
- Where is STRAKE?
- STRAKE is a Texas oil lease in Grimes County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 26371.
- Is STRAKE still producing?
- STRAKE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for STRAKE is August 2026.
- How much has STRAKE produced?
- STRAKE has reported 105,597 barrels of oil (bbl) to the Railroad Commission of Texas between May 2013 and August 2026, from 1 wellbore.
- How much is STRAKE worth?
- The remaining production from STRAKE is estimated to be worth about $1.0M in total as of 26 August 2026, within a range of $795K to $1.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in STRAKE is a fraction of it. The estimate fits an Arps decline curve to the production STRAKE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for STRAKE is an estimate of value, not an offer and not an appraisal.
- How much income does STRAKE generate in a year?
- STRAKE is forecast to net about $193K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in STRAKE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Enervest Operating, L.L.C. |
|---|---|
| Field | Madisonville, W. (Woodbine -A-) |
| County | Grimes County, Texas |
| RRC district | 03 |
| Lease number | 26371 |
| Wellbores | 1 |
| Reported production | 105,597 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.0M |
Where STRAKE 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.