GRO
GRO is a Texas gas lease in Sherman County, Railroad Commission district 10, operated by Phillips Petroleum Company. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,661,158 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 $576K, with roughly $88K 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 2,533 thousand cubic feet a month. Its strongest month on the record we hold was August 2021, at 4,933 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 GRO
- Who operates GRO?
- GRO is operated by Phillips Petroleum Company, Railroad Commission of Texas operator number 663680.
- Where is GRO?
- GRO is a Texas gas lease in Sherman County, Texas, in Railroad Commission district 10. Its Railroad Commission lease number is 027582.
- Is GRO still producing?
- GRO is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRO is August 2026.
- How much has GRO produced?
- GRO has reported 1,661,158 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is GRO worth?
- The remaining production from GRO is estimated to be worth about $576K in total as of 26 August 2026, within a range of $478K to $674K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRO is a fraction of it. The estimate fits an Arps decline curve to the production GRO has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRO is an estimate of value, not an offer and not an appraisal.
- How much income does GRO generate in a year?
- GRO is forecast to net about $88K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRO receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Phillips Petroleum Company |
|---|---|
| Field | Texas Hugoton |
| County | Sherman County, Texas |
| RRC district | 10 |
| Lease number | 027582 |
| Wellbores | 1 |
| Reported production | 1,661,158 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $576K |
Where GRO 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.