GREENE 2
GREENE 2 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Lario Oil & Gas Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2017 to August 2026, totalling 218,180 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 $3.4M, with roughly $826K 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 981 barrels a month. Its strongest month on the record we hold was October 2017, at 19,014 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 GREENE 2
- Who operates GREENE 2?
- GREENE 2 is operated by Lario Oil & Gas Company, Railroad Commission of Texas operator number 486710.
- Where is GREENE 2?
- GREENE 2 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49261.
- Is GREENE 2 still producing?
- GREENE 2 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GREENE 2 is August 2026.
- How much has GREENE 2 produced?
- GREENE 2 has reported 218,180 barrels of oil (bbl) to the Railroad Commission of Texas between September 2017 and August 2026, from 1 wellbore.
- How much is GREENE 2 worth?
- The remaining production from GREENE 2 is estimated to be worth about $3.4M in total as of 27 August 2026, within a range of $2.7M to $4.2M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GREENE 2 is a fraction of it. The estimate fits an Arps decline curve to the production GREENE 2 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GREENE 2 is an estimate of value, not an offer and not an appraisal.
- How much income does GREENE 2 generate in a year?
- GREENE 2 is forecast to net about $826K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GREENE 2 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Lario Oil & Gas Company |
|---|---|
| Field | Spraberry (Trend Area) R 40 Exc |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 49261 |
| Wellbores | 1 |
| Reported production | 218,180 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $3.4M |
Where GREENE 2 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.