OAK GROVE UNIT
OAK GROVE UNIT is a Texas gas lease in Tarrant County, Railroad Commission district 09, operated by Carrizo Oil & Gas, Inc. It has 1 wellbore on file with the Commission. Reported production runs from May 2009 to August 2026, totalling 3,984,396 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 $681K, with roughly $133K 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 6,479 thousand cubic feet a month. Its strongest month on the record we hold was August 2016, at 19,647 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 OAK GROVE UNIT
- Who operates OAK GROVE UNIT?
- OAK GROVE UNIT is operated by Carrizo Oil & Gas, Inc., Railroad Commission of Texas operator number 135401.
- Where is OAK GROVE UNIT?
- OAK GROVE UNIT is a Texas gas lease in Tarrant County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 252980.
- Is OAK GROVE UNIT still producing?
- OAK GROVE UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for OAK GROVE UNIT is August 2026.
- How much has OAK GROVE UNIT produced?
- OAK GROVE UNIT has reported 3,984,396 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between May 2009 and August 2026, from 1 wellbore.
- How much is OAK GROVE UNIT worth?
- The remaining production from OAK GROVE UNIT is estimated to be worth about $681K in total as of 27 August 2026, within a range of $565K to $796K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in OAK GROVE UNIT is a fraction of it. The estimate fits an Arps decline curve to the production OAK GROVE UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for OAK GROVE UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does OAK GROVE UNIT generate in a year?
- OAK GROVE UNIT is forecast to net about $133K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in OAK GROVE UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Carrizo Oil & Gas, Inc. |
|---|---|
| Field | Newark, East (Barnett Shale) |
| County | Tarrant County, Texas |
| RRC district | 09 |
| Lease number | 252980 |
| Wellbores | 1 |
| Reported production | 3,984,396 mcf |
| First reported | |
| Last reported | |
| Estimated royalty value | $681K |
Where OAK GROVE 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.