GRIMES, JOE
GRIMES, JOE is a Texas oil lease in Young County, Railroad Commission district 09, operated by Wes-Mor Drilling, Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 3,317 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 $49K, with roughly $7K 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 barrels a month, about 1 per wellbore. Its strongest month on the record we hold was December 2020, at 45 barrels. In our own backtest, leases producing at this rate are forecast to within about 100% 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 GRIMES, JOE
- Who operates GRIMES, JOE?
- GRIMES, JOE is operated by Wes-Mor Drilling, Inc., Railroad Commission of Texas operator number 908800.
- Where is GRIMES, JOE?
- GRIMES, JOE is a Texas oil lease in Young County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 10546.
- Is GRIMES, JOE still producing?
- GRIMES, JOE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRIMES, JOE is August 2026.
- How much has GRIMES, JOE produced?
- GRIMES, JOE has reported 3,317 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is GRIMES, JOE worth?
- The remaining production from GRIMES, JOE is estimated to be worth about $49K in total as of 26 August 2026, within a range of $0 to $99K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRIMES, JOE is a fraction of it. The estimate fits an Arps decline curve to the production GRIMES, JOE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRIMES, JOE is an estimate of value, not an offer and not an appraisal.
- How much income does GRIMES, JOE generate in a year?
- GRIMES, JOE is forecast to net about $7K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRIMES, JOE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Wes-Mor Drilling, Inc. |
|---|---|
| Field | Luc-Wes (Bend Congl.) |
| County | Young County, Texas |
| RRC district | 09 |
| Lease number | 10546 |
| Wellbores | 2 |
| Reported production | 3,317 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $49K |
Where GRIMES, JOE 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.