TRUE GRIT 16-17 J
TRUE GRIT 16-17 J is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 2 wellbores on file with the Commission. Reported production runs from September 2025 to August 2026, totalling 232,358 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 $12.4M, with roughly $5.8M 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 27,658 barrels a month, about 13,829 per wellbore. Its strongest month on the record we hold was September 2025, at 63,220 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 TRUE GRIT 16-17 J
- Who operates TRUE GRIT 16-17 J?
- TRUE GRIT 16-17 J is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is TRUE GRIT 16-17 J?
- TRUE GRIT 16-17 J is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64513.
- Is TRUE GRIT 16-17 J still producing?
- TRUE GRIT 16-17 J is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TRUE GRIT 16-17 J is August 2026.
- How much has TRUE GRIT 16-17 J produced?
- TRUE GRIT 16-17 J has reported 232,358 barrels of oil (bbl) to the Railroad Commission of Texas between September 2025 and August 2026, from 2 wellbores.
- How much is TRUE GRIT 16-17 J worth?
- The remaining production from TRUE GRIT 16-17 J is estimated to be worth about $12.4M in total as of 26 August 2026, within a range of $10.2M to $14.7M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TRUE GRIT 16-17 J is a fraction of it. The estimate fits an Arps decline curve to the production TRUE GRIT 16-17 J has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for TRUE GRIT 16-17 J is an estimate of value, not an offer and not an appraisal.
- How much income does TRUE GRIT 16-17 J generate in a year?
- TRUE GRIT 16-17 J is forecast to net about $5.8M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in TRUE GRIT 16-17 J receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Diamondback E&P LLC |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Martin County, Texas |
| RRC district | 08 |
| Lease number | 64513 |
| Wellbores | 2 |
| Reported production | 232,358 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $12.4M |
Where TRUE GRIT 16-17 J 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.