GRANT
GRANT is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Canan Operating, Inc. It has 1 wellbore on file with the Commission. Reported production runs from October 2007 to August 2026, totalling 99,942 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 $430K, with roughly $76K 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 73 barrels a month. Its strongest month on the record we hold was July 2018, at 224 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 GRANT
- Who operates GRANT?
- GRANT is operated by Canan Operating, Inc., Railroad Commission of Texas operator number 128979.
- Where is GRANT?
- GRANT is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 30890.
- Is GRANT still producing?
- GRANT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRANT is August 2026.
- How much has GRANT produced?
- GRANT has reported 99,942 barrels of oil (bbl) to the Railroad Commission of Texas between October 2007 and August 2026, from 1 wellbore.
- How much is GRANT worth?
- The remaining production from GRANT is estimated to be worth about $430K in total as of 26 August 2026, within a range of $237K to $624K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRANT is a fraction of it. The estimate fits an Arps decline curve to the production GRANT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRANT is an estimate of value, not an offer and not an appraisal.
- How much income does GRANT generate in a year?
- GRANT is forecast to net about $76K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRANT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Canan Operating, Inc. |
|---|---|
| Field | ST. Jo Ridge (Barnett Shale) |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 30890 |
| Wellbores | 1 |
| Reported production | 99,942 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $430K |
Where GRANT 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.