GREASEWOOD
GREASEWOOD is a Texas oil lease in Ward County, Railroad Commission district 08, operated by Abraxas Petroleum Corporation. It has 4 wellbores on file with the Commission. Reported production runs from August 2018 to August 2026, totalling 843,222 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 $5.9M, with roughly $2.2M 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 3,431 barrels a month, about 858 per wellbore. Its strongest month on the record we hold was September 2018, at 41,884 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 GREASEWOOD
- Who operates GREASEWOOD?
- GREASEWOOD is operated by Abraxas Petroleum Corporation, Railroad Commission of Texas operator number 003125.
- Where is GREASEWOOD?
- GREASEWOOD is a Texas oil lease in Ward County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 51227.
- Is GREASEWOOD still producing?
- GREASEWOOD is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GREASEWOOD is August 2026.
- How much has GREASEWOOD produced?
- GREASEWOOD has reported 843,222 barrels of oil (bbl) to the Railroad Commission of Texas between August 2018 and August 2026, from 4 wellbores.
- How much is GREASEWOOD worth?
- The remaining production from GREASEWOOD is estimated to be worth about $5.9M in total as of 26 August 2026, within a range of $4.9M to $6.9M. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GREASEWOOD is a fraction of it. The estimate fits an Arps decline curve to the production GREASEWOOD has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GREASEWOOD is an estimate of value, not an offer and not an appraisal.
- How much income does GREASEWOOD generate in a year?
- GREASEWOOD is forecast to net about $2.2M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GREASEWOOD receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Abraxas Petroleum Corporation |
|---|---|
| Field | Phantom (Wolfcamp) |
| County | Ward County, Texas |
| RRC district | 08 |
| Lease number | 51227 |
| Wellbores | 4 |
| Reported production | 843,222 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.9M |
Where GREASEWOOD 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.