WHEATGRASS
WHEATGRASS is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Oxyrock Operating, LLC. It has 3 wellbores on file with the Commission. Reported production runs from September 2025 to August 2026, totalling 332,422 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 $50.9M, with roughly $20.4M 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 38,242 barrels a month, about 12,747 per wellbore. Its strongest month on the record we hold was October 2025, at 64,951 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 WHEATGRASS
- Who operates WHEATGRASS?
- WHEATGRASS is operated by Oxyrock Operating, LLC, Railroad Commission of Texas operator number 102324.
- Where is WHEATGRASS?
- WHEATGRASS is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 65058.
- Is WHEATGRASS still producing?
- WHEATGRASS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for WHEATGRASS is August 2026.
- How much has WHEATGRASS produced?
- WHEATGRASS has reported 332,422 barrels of oil (bbl) to the Railroad Commission of Texas between September 2025 and August 2026, from 3 wellbores.
- How much is WHEATGRASS worth?
- The remaining production from WHEATGRASS is estimated to be worth about $50.9M in total as of 26 August 2026, within a range of $41.7M to $60.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in WHEATGRASS is a fraction of it. The estimate fits an Arps decline curve to the production WHEATGRASS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for WHEATGRASS is an estimate of value, not an offer and not an appraisal.
- How much income does WHEATGRASS generate in a year?
- WHEATGRASS is forecast to net about $20.4M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in WHEATGRASS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxyrock Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 65058 |
| Wellbores | 3 |
| Reported production | 332,422 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $50.9M |
Where WHEATGRASS 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.