GRIGSBY
GRIGSBY is a Texas oil lease in Young County, Railroad Commission district 09, operated by Mitchell Oil Company. It has 11 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 74,407 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 $481K, with roughly $92K 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 106 barrels a month, about 10 per wellbore. Its strongest month on the record we hold was December 2018, at 223 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 GRIGSBY
- Who operates GRIGSBY?
- GRIGSBY is operated by Mitchell Oil Company, Railroad Commission of Texas operator number 571540.
- Where is GRIGSBY?
- GRIGSBY is a Texas oil lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 07179.
- Is GRIGSBY still producing?
- GRIGSBY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRIGSBY is August 2026.
- How much has GRIGSBY produced?
- GRIGSBY has reported 74,407 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 11 wellbores.
- How much is GRIGSBY worth?
- The remaining production from GRIGSBY is estimated to be worth about $481K in total as of 26 August 2026, within a range of $375K to $586K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRIGSBY is a fraction of it. The estimate fits an Arps decline curve to the production GRIGSBY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRIGSBY is an estimate of value, not an offer and not an appraisal.
- How much income does GRIGSBY generate in a year?
- GRIGSBY is forecast to net about $92K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRIGSBY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Mitchell Oil Company |
|---|---|
| Field | Young County Regular |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 07179 |
| Wellbores | 11 |
| Reported production | 74,407 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $481K |
Where GRIGSBY 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.