GRIMES 1
GRIMES 1 is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Crownquest Operating, LLC. It has 2 wellbores on file with the Commission. Reported production runs from August 2012 to August 2026, totalling 142,333 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 $2.1M, with roughly $571K 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 672 barrels a month, about 336 per wellbore. Its strongest month on the record we hold was July 2024, at 1,844 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 GRIMES 1
- Who operates GRIMES 1?
- GRIMES 1 is operated by Crownquest Operating, LLC, Railroad Commission of Texas operator number 191554.
- Where is GRIMES 1?
- GRIMES 1 is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 43409.
- Is GRIMES 1 still producing?
- GRIMES 1 is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRIMES 1 is August 2026.
- How much has GRIMES 1 produced?
- GRIMES 1 has reported 142,333 barrels of oil (bbl) to the Railroad Commission of Texas between August 2012 and August 2026, from 2 wellbores.
- How much is GRIMES 1 worth?
- The remaining production from GRIMES 1 is estimated to be worth about $2.1M in total as of 27 August 2026, within a range of $1.6M to $2.5M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRIMES 1 is a fraction of it. The estimate fits an Arps decline curve to the production GRIMES 1 has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRIMES 1 is an estimate of value, not an offer and not an appraisal.
- How much income does GRIMES 1 generate in a year?
- GRIMES 1 is forecast to net about $571K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GRIMES 1 receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Crownquest Operating, LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 43409 |
| Wellbores | 2 |
| Reported production | 142,333 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $2.1M |
Where GRIMES 1 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.