CHEVRON UNIT 03-56
CHEVRON UNIT 03-56 is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Grenadier Energy Partners II,LLC. It has 7 wellbores on file with the Commission. Reported production runs from January 2020 to August 2026, totalling 1,163,139 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 $10.3M, with roughly $8.5M 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 40,847 barrels a month, about 5,835 per wellbore. Its strongest month on the record we hold was June 2025, at 84,671 barrels. In our own backtest, leases producing at this rate are forecast to within about 18% 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 CHEVRON UNIT 03-56
- Who operates CHEVRON UNIT 03-56?
- CHEVRON UNIT 03-56 is operated by Grenadier Energy Partners II,LLC, Railroad Commission of Texas operator number 332472.
- Where is CHEVRON UNIT 03-56?
- CHEVRON UNIT 03-56 is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 55261.
- Is CHEVRON UNIT 03-56 still producing?
- CHEVRON UNIT 03-56 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for CHEVRON UNIT 03-56 is August 2026.
- How much has CHEVRON UNIT 03-56 produced?
- CHEVRON UNIT 03-56 has reported 1,163,139 barrels of oil (bbl) to the Railroad Commission of Texas between January 2020 and August 2026, from 7 wellbores.
- How much is CHEVRON UNIT 03-56 worth?
- The remaining production from CHEVRON UNIT 03-56 is estimated to be worth about $10.3M in total as of 26 August 2026, within a range of $8.5M to $12.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in CHEVRON UNIT 03-56 is a fraction of it. The estimate fits an Arps decline curve to the production CHEVRON UNIT 03-56 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for CHEVRON UNIT 03-56 is an estimate of value, not an offer and not an appraisal.
- How much income does CHEVRON UNIT 03-56 generate in a year?
- CHEVRON UNIT 03-56 is forecast to net about $8.5M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in CHEVRON UNIT 03-56 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Grenadier Energy Partners II,LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 55261 |
| Wellbores | 7 |
| Reported production | 1,163,139 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $10.3M |
Where CHEVRON UNIT 03-56 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.