TRUE GRIT 16-17 K
TRUE GRIT 16-17 K is a Texas oil lease in Martin County, Railroad Commission district 08, operated by Diamondback E&P LLC. It has 1 wellbore on file with the Commission. Reported production runs from August 2025 to August 2026, totalling 93,049 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 $23.7M, with roughly $5.2M 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 10,051 barrels a month. Its strongest month on the record we hold was September 2025, at 25,799 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 K
- Who operates TRUE GRIT 16-17 K?
- TRUE GRIT 16-17 K is operated by Diamondback E&P LLC, Railroad Commission of Texas operator number 217012.
- Where is TRUE GRIT 16-17 K?
- TRUE GRIT 16-17 K is a Texas oil lease in Martin County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 64522.
- Is TRUE GRIT 16-17 K still producing?
- TRUE GRIT 16-17 K is currently producing. The most recent month of production reported to the Railroad Commission of Texas for TRUE GRIT 16-17 K is August 2026.
- How much has TRUE GRIT 16-17 K produced?
- TRUE GRIT 16-17 K has reported 93,049 barrels of oil (bbl) to the Railroad Commission of Texas between August 2025 and August 2026, from 1 wellbore.
- How much is TRUE GRIT 16-17 K worth?
- The remaining production from TRUE GRIT 16-17 K is estimated to be worth about $23.7M in total as of 27 August 2026, within a range of $19.4M to $28.0M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in TRUE GRIT 16-17 K is a fraction of it. The estimate fits an Arps decline curve to the production TRUE GRIT 16-17 K 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 K is an estimate of value, not an offer and not an appraisal.
- How much income does TRUE GRIT 16-17 K generate in a year?
- TRUE GRIT 16-17 K is forecast to net about $5.2M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in TRUE GRIT 16-17 K 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 | 64522 |
| Wellbores | 1 |
| Reported production | 93,049 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $23.7M |
Where TRUE GRIT 16-17 K 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.