GRAVES "27"
GRAVES "27" is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Petroplex Energy Inc. It has 1 wellbore on file with the Commission. Reported production runs from April 2011 to August 2026, totalling 99,283 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 $435K, with roughly $209K 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 402 barrels a month. Its strongest month on the record we hold was August 2024, at 810 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 GRAVES "27"
- Who operates GRAVES "27"?
- GRAVES "27" is operated by Petroplex Energy Inc., Railroad Commission of Texas operator number 660886.
- Where is GRAVES "27"?
- GRAVES "27" is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 41467.
- Is GRAVES "27" still producing?
- GRAVES "27" is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAVES "27" is August 2026.
- How much has GRAVES "27" produced?
- GRAVES "27" has reported 99,283 barrels of oil (bbl) to the Railroad Commission of Texas between April 2011 and August 2026, from 1 wellbore.
- How much is GRAVES "27" worth?
- The remaining production from GRAVES "27" is estimated to be worth about $435K in total as of 26 August 2026, within a range of $339K to $530K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAVES "27" is a fraction of it. The estimate fits an Arps decline curve to the production GRAVES "27" has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAVES "27" is an estimate of value, not an offer and not an appraisal.
- How much income does GRAVES "27" generate in a year?
- GRAVES "27" is forecast to net about $209K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAVES "27" receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Petroplex Energy Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 41467 |
| Wellbores | 1 |
| Reported production | 99,283 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $435K |
Where GRAVES "27" 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.