GREY WOLF UNIT
GREY WOLF UNIT is a Texas oil lease in Milam County, Railroad Commission district 03, operated by Rme Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from September 2000 to August 2026, totalling 150,772 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 $780K, with roughly $147K 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 193 barrels a month. Its strongest month on the record we hold was August 2018, at 583 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 GREY WOLF UNIT
- Who operates GREY WOLF UNIT?
- GREY WOLF UNIT is operated by Rme Petroleum Company, Railroad Commission of Texas operator number 714229.
- Where is GREY WOLF UNIT?
- GREY WOLF UNIT is a Texas oil lease in Milam County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 23943.
- Is GREY WOLF UNIT still producing?
- GREY WOLF UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GREY WOLF UNIT is August 2026.
- How much has GREY WOLF UNIT produced?
- GREY WOLF UNIT has reported 150,772 barrels of oil (bbl) to the Railroad Commission of Texas between September 2000 and August 2026, from 1 wellbore.
- How much is GREY WOLF UNIT worth?
- The remaining production from GREY WOLF UNIT is estimated to be worth about $780K in total as of 26 August 2026, within a range of $609K to $952K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GREY WOLF UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GREY WOLF UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GREY WOLF UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GREY WOLF UNIT generate in a year?
- GREY WOLF UNIT is forecast to net about $147K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GREY WOLF UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Rme Petroleum Company |
|---|---|
| Field | Giddings (Buda) |
| County | Milam County, Texas |
| RRC district | 03 |
| Lease number | 23943 |
| Wellbores | 1 |
| Reported production | 150,772 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $780K |
Where GREY WOLF UNIT 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.