GREER ESTATE
GREER ESTATE is a Texas oil lease in Reagan County, Railroad Commission district 7C, operated by Amax Oil & Gas Inc. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 26,492 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 $334K, with roughly $55K 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 39 barrels a month, about 13 per wellbore. Its strongest month on the record we hold was March 2026, at 171 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 GREER ESTATE
- Who operates GREER ESTATE?
- GREER ESTATE is operated by Amax Oil & Gas Inc., Railroad Commission of Texas operator number 016859.
- Where is GREER ESTATE?
- GREER ESTATE is a Texas oil lease in Reagan County, Texas, in Railroad Commission district 7C. Its Railroad Commission lease number is 04589.
- Is GREER ESTATE still producing?
- GREER ESTATE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GREER ESTATE is August 2026.
- How much has GREER ESTATE produced?
- GREER ESTATE has reported 26,492 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is GREER ESTATE worth?
- The remaining production from GREER ESTATE is estimated to be worth about $334K in total as of 27 August 2026, within a range of $184K to $484K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GREER ESTATE is a fraction of it. The estimate fits an Arps decline curve to the production GREER ESTATE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GREER ESTATE is an estimate of value, not an offer and not an appraisal.
- How much income does GREER ESTATE generate in a year?
- GREER ESTATE is forecast to net about $55K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GREER ESTATE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Amax Oil & Gas Inc. |
|---|---|
| Field | Spraberry (Trend Area) |
| County | Reagan County, Texas |
| RRC district | 7C |
| Lease number | 04589 |
| Wellbores | 3 |
| Reported production | 26,492 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $334K |
Where GREER ESTATE 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.