THE GROVE UNIT
THE GROVE UNIT is a Texas oil lease in Leon County, Railroad Commission district 05, operated by Eog Resources, Inc. It has 3 wellbores on file with the Commission. Reported production runs from May 2014 to August 2026, totalling 524,521 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 $5.1M, with roughly $1.2M 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 1,608 barrels a month, about 536 per wellbore. Its strongest month on the record we hold was June 2016, at 6,466 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% 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 THE GROVE UNIT
- Who operates THE GROVE UNIT?
- THE GROVE UNIT is operated by Eog Resources, Inc., Railroad Commission of Texas operator number 253162.
- Where is THE GROVE UNIT?
- THE GROVE UNIT is a Texas oil lease in Leon County, Texas, in Railroad Commission district 05. Its Railroad Commission lease number is 04079.
- Is THE GROVE UNIT still producing?
- THE GROVE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for THE GROVE UNIT is August 2026.
- How much has THE GROVE UNIT produced?
- THE GROVE UNIT has reported 524,521 barrels of oil (bbl) to the Railroad Commission of Texas between May 2014 and August 2026, from 3 wellbores.
- How much is THE GROVE UNIT worth?
- The remaining production from THE GROVE UNIT is estimated to be worth about $5.1M in total as of 26 August 2026, within a range of $4.2M to $5.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in THE GROVE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production THE GROVE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for THE GROVE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does THE GROVE UNIT generate in a year?
- THE GROVE UNIT is forecast to net about $1.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in THE GROVE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Eog Resources, Inc. |
|---|---|
| Field | Aguila Vado (Eagleford) |
| County | Leon County, Texas |
| RRC district | 05 |
| Lease number | 04079 |
| Wellbores | 3 |
| Reported production | 524,521 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.1M |
Where THE GROVE UNIT 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.