GREY GOOSE
GREY GOOSE is a Texas oil lease in Midland County, Railroad Commission district 08, operated by Patriot Resources, Inc. It has 2 wellbores on file with the Commission. Reported production runs from April 2010 to August 2026, totalling 151,386 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 $320K, with roughly $61K 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 72 barrels a month, about 36 per wellbore. Its strongest month on the record we hold was December 2019, at 927 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 GREY GOOSE
- Who operates GREY GOOSE?
- GREY GOOSE is operated by Patriot Resources, Inc., Railroad Commission of Texas operator number 643401.
- Where is GREY GOOSE?
- GREY GOOSE is a Texas oil lease in Midland County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 40236.
- Is GREY GOOSE still producing?
- GREY GOOSE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GREY GOOSE is August 2026.
- How much has GREY GOOSE produced?
- GREY GOOSE has reported 151,386 barrels of oil (bbl) to the Railroad Commission of Texas between April 2010 and August 2026, from 2 wellbores.
- How much is GREY GOOSE worth?
- The remaining production from GREY GOOSE is estimated to be worth about $320K in total as of 26 August 2026, within a range of $176K to $464K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GREY GOOSE is a fraction of it. The estimate fits an Arps decline curve to the production GREY GOOSE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GREY GOOSE is an estimate of value, not an offer and not an appraisal.
- How much income does GREY GOOSE generate in a year?
- GREY GOOSE is forecast to net about $61K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GREY GOOSE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Patriot Resources, Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Midland County, Texas |
| RRC district | 08 |
| Lease number | 40236 |
| Wellbores | 2 |
| Reported production | 151,386 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $320K |
Where GREY GOOSE 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.