GRISSOM WEST 31-42 UNIT
GRISSOM WEST 31-42 UNIT is a Texas oil lease in Reeves County, Railroad Commission district 08, operated by Oxy USA WTP LP. It has 4 wellbores on file with the Commission. Reported production runs from May 2017 to August 2026, totalling 595,767 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 $9.5M, with roughly $2.1M 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 3,242 barrels a month, about 810 per wellbore. Its strongest month on the record we hold was July 2018, at 23,533 barrels. 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 GRISSOM WEST 31-42 UNIT
- Who operates GRISSOM WEST 31-42 UNIT?
- GRISSOM WEST 31-42 UNIT is operated by Oxy USA WTP LP, Railroad Commission of Texas operator number 630555.
- Where is GRISSOM WEST 31-42 UNIT?
- GRISSOM WEST 31-42 UNIT is a Texas oil lease in Reeves County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 49077.
- Is GRISSOM WEST 31-42 UNIT still producing?
- GRISSOM WEST 31-42 UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRISSOM WEST 31-42 UNIT is August 2026.
- How much has GRISSOM WEST 31-42 UNIT produced?
- GRISSOM WEST 31-42 UNIT has reported 595,767 barrels of oil (bbl) to the Railroad Commission of Texas between May 2017 and August 2026, from 4 wellbores.
- How much is GRISSOM WEST 31-42 UNIT worth?
- The remaining production from GRISSOM WEST 31-42 UNIT is estimated to be worth about $9.5M in total as of 27 August 2026, within a range of $7.9M to $11.1M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRISSOM WEST 31-42 UNIT is a fraction of it. The estimate fits an Arps decline curve to the production GRISSOM WEST 31-42 UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRISSOM WEST 31-42 UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does GRISSOM WEST 31-42 UNIT generate in a year?
- GRISSOM WEST 31-42 UNIT is forecast to net about $2.1M across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in GRISSOM WEST 31-42 UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Oxy USA WTP LP |
|---|---|
| Field | Wolfbone (Trend Area) |
| County | Reeves County, Texas |
| RRC district | 08 |
| Lease number | 49077 |
| Wellbores | 4 |
| Reported production | 595,767 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $9.5M |
Where GRISSOM WEST 31-42 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.