GRANGE
GRANGE is a Texas oil lease in Hardeman County, Railroad Commission district 09, operated by Ashtola Exploration Company,Inc. It has 1 wellbore on file with the Commission. Reported production runs from January 1998 to August 2026, totalling 198,623 barrels. The lease is intermittent. 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 $120K, with roughly $23K 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 15 barrels a month. Its strongest month on the record we hold was February 2017, at 313 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 GRANGE
- Who operates GRANGE?
- GRANGE is operated by Ashtola Exploration Company,Inc., Railroad Commission of Texas operator number 035060.
- Where is GRANGE?
- GRANGE is a Texas oil lease in Hardeman County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 29450.
- Is GRANGE still producing?
- GRANGE is intermittent. The most recent month of production reported to the Railroad Commission of Texas for GRANGE is August 2026.
- How much has GRANGE produced?
- GRANGE has reported 198,623 barrels of oil (bbl) to the Railroad Commission of Texas between January 1998 and August 2026, from 1 wellbore.
- How much is GRANGE worth?
- The remaining production from GRANGE is estimated to be worth about $120K in total as of 26 August 2026, within a range of $66K to $173K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRANGE is a fraction of it. The estimate fits an Arps decline curve to the production GRANGE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRANGE is an estimate of value, not an offer and not an appraisal.
- How much income does GRANGE generate in a year?
- GRANGE is forecast to net about $23K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRANGE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Ashtola Exploration Company,Inc. |
|---|---|
| Field | Grange, South (Chappel) |
| County | Hardeman County, Texas |
| RRC district | 09 |
| Lease number | 29450 |
| Wellbores | 1 |
| Reported production | 198,623 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $120K |
Where GRANGE 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.