GRIGGS
GRIGGS is a Texas gas lease in Ochiltree County, Railroad Commission district 10, operated by Princess Three Corporation. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 589,355 thousand cubic feet. 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 $429K, with roughly $79K 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 1,590 thousand cubic feet a month. Its strongest month on the record we hold was May 2019, at 3,364 thousand cubic feet. In our own backtest, leases producing at this rate are forecast to within about 17% 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 GRIGGS
- Who operates GRIGGS?
- GRIGGS is operated by Princess Three Corporation, Railroad Commission of Texas operator number 677990.
- Where is GRIGGS?
- GRIGGS is a Texas gas lease in Ochiltree County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 144492.
- Is GRIGGS still producing?
- GRIGGS is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRIGGS is August 2026.
- How much has GRIGGS produced?
- GRIGGS has reported 589,355 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GRIGGS worth?
- The remaining production from GRIGGS is estimated to be worth about $429K in total as of 26 August 2026, within a range of $356K to $502K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRIGGS is a fraction of it. The estimate fits an Arps decline curve to the production GRIGGS has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRIGGS is an estimate of value, not an offer and not an appraisal.
- How much income does GRIGGS generate in a year?
- GRIGGS is forecast to net about $79K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRIGGS receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Princess Three Corporation |
|---|---|
| Field | Perryton, South (Morrow 8700) |
| County | Ochiltree County, Texas |
| RRC district | 10 |
| Lease number | 144492 |
| Wellbores | 1 |
| Reported production | 589,355 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $429K |
Where GRIGGS 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.