LILLY
LILLY is a Texas oil lease in Terry County, Railroad Commission district 8A, operated by Gruy Petroleum Management Co. It has 2 wellbores on file with the Commission. Reported production runs from October 1998 to August 2026, totalling 199,248 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 $630K, with roughly $169K 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 260 barrels a month, about 130 per wellbore. Its strongest month on the record we hold was May 2016, at 589 barrels. In our own backtest, leases producing at this rate are forecast to within about 22% 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 LILLY
- Who operates LILLY?
- LILLY is operated by Gruy Petroleum Management Co., Railroad Commission of Texas operator number 337106.
- Where is LILLY?
- LILLY is a Texas oil lease in Terry County, Texas, in Railroad Commission district 8A. Its Railroad Commission lease number is 68005.
- Is LILLY still producing?
- LILLY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for LILLY is August 2026.
- How much has LILLY produced?
- LILLY has reported 199,248 barrels of oil (bbl) to the Railroad Commission of Texas between October 1998 and August 2026, from 2 wellbores.
- How much is LILLY worth?
- The remaining production from LILLY is estimated to be worth about $630K in total as of 27 August 2026, within a range of $491K to $768K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in LILLY is a fraction of it. The estimate fits an Arps decline curve to the production LILLY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for LILLY is an estimate of value, not an offer and not an appraisal.
- How much income does LILLY generate in a year?
- LILLY is forecast to net about $169K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in LILLY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gruy Petroleum Management Co. |
|---|---|
| Field | Kingdom (Abo Reef) |
| County | Terry County, Texas |
| RRC district | 8A |
| Lease number | 68005 |
| Wellbores | 2 |
| Reported production | 199,248 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $630K |
Where LILLY 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.