GREER, IRENE
GREER, IRENE is a Texas oil lease in Harrison County, Railroad Commission district 06, operated by Phillips, Jack L. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 124,846 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 $1.1M, with roughly $253K 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 393 barrels a month. Its strongest month on the record we hold was April 2026, at 719 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 GREER, IRENE
- Who operates GREER, IRENE?
- GREER, IRENE is operated by Phillips, Jack L., Railroad Commission of Texas operator number 663080.
- Where is GREER, IRENE?
- GREER, IRENE is a Texas oil lease in Harrison County, Texas, in Railroad Commission district 06. Its Railroad Commission lease number is 05191.
- Is GREER, IRENE still producing?
- GREER, IRENE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GREER, IRENE is August 2026.
- How much has GREER, IRENE produced?
- GREER, IRENE has reported 124,846 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GREER, IRENE worth?
- The remaining production from GREER, IRENE is estimated to be worth about $1.1M in total as of 26 August 2026, within a range of $871K to $1.4M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GREER, IRENE is a fraction of it. The estimate fits an Arps decline curve to the production GREER, IRENE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GREER, IRENE is an estimate of value, not an offer and not an appraisal.
- How much income does GREER, IRENE generate in a year?
- GREER, IRENE is forecast to net about $253K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GREER, IRENE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips, Jack L. |
|---|---|
| Field | Whelan (Pettit, Up.) |
| County | Harrison County, Texas |
| RRC district | 06 |
| Lease number | 05191 |
| Wellbores | 1 |
| Reported production | 124,846 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $1.1M |
Where GREER, IRENE 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.