Oil and gas leases in Gray County

Gray County, Texas has 1,816 oil and gas leases with production on file at the Railroad Commission, all of them in Commission district 10. 586 of them are oil leases and 1,230 are gas leases. Between them they carry 6,145 wellbores. Reported volumes run from January 1993 to August 2026 and come to 45.3 million barrels of oil and 309.1 million Mcf of gas. 230 operators file returns here. Every lease below has its own page with a decline-curve forecast and an estimate of what the whole lease is worth.

Key facts about Gray County

How many oil and gas leases are in Gray County?: Gray County has 1,816 oil and gas leases with production reported to the Railroad Commission of Texas, as of August 2026.
How much oil and gas has Gray County produced?: Leases in Gray County have reported 45,252,734 barrels of oil (bbl) and 309,053,829 thousand cubic feet of gas (Mcf) to the Railroad Commission of Texas between January 1993 and August 2026.
Who are the biggest operators in Gray County?: Phillips Petroleum Company operates 130 of the 1,816 producing leases in Gray County, more than any other operator on record with the Railroad Commission of Texas.
How many operators are active in Gray County?: 230 operators file production returns for leases in Gray County.
How much are mineral rights in Gray County worth?: There is no single figure: what a mineral or royalty interest in Gray County is worth depends on the individual lease, its decline, and the share the owner holds. Each of the 1,816 leases listed here has its own page with the full production history the operator reported, a decline-curve forecast, and an estimate of what a royalty interest in it is worth today.

Operators here

The company that runs the wells and issues the royalty cheque.

Phillips Petroleum Company — 130 leases
Gruy Petroleum Management Co. — 111 leases
Meridian Oil Inc. — 105 leases
Texaco E & P Inc. — 77 leases
Taylor-Clayton-Hawley — 69 leases
Travelers Oil Company — 66 leases
Cimarex Energy Co. Of Colorado — 60 leases
Seagull Midcon Inc. — 55 leases
Exxcel Production Company — 46 leases
Caldwell Production Co. Inc. — 37 leases
Oilwell Operators, Inc. — 35 leases
Parker & Parsley Development Co. — 35 leases
Oxy USA Inc. — 34 leases
Myriad Resources Corporation — 33 leases
Stahl Petroleum Co. — 33 leases
The Operating Co. — 33 leases
Cabot Oil & Gas Corporation — 32 leases
Pantera Energy Company — 29 leases
Dunne Equities, Inc. — 25 leases
Pursley Gas Company — 22 leases
Quinque Operating Company — 22 leases
Adobe Operating Company — 18 leases
Bradley Operating Co. — 18 leases
Minco Oil And Gas Co. — 18 leases
Rio Petroleum, Inc. — 16 leases
Dunigan Operating Company, Inc. — 14 leases
G. H. Ranch, Inc. — 13 leases
Mcmahon Operating Co., L.C. — 13 leases
Trans Terra Corp., International — 13 leases
Caprock Engineering, Inc. — 12 leases
D & H Oil & Gas Co. — 12 leases
Jones Energy, Ltd. — 12 leases
Lejan, Inc. — 12 leases
Newfield Expl. Mid-Con. Inc — 12 leases
Conoco Inc. — 11 leases
Mon Corp. — 11 leases
Estacado Energy, Inc. — 10 leases
Ramsey & Gassaway — 10 leases
Redstone Operating, Inc. — 10 leases
Seek Energy, LLC — 10 leases
Daniels, J.C. Energy — 9 leases
Onyx Producing Company, Inc. — 9 leases
Questa Energy Corporation — 9 leases
Sage Petroleum Co. — 9 leases
Beta-Tex, An Oklahoma Corp. — 8 leases
Davis, C. L. Well Service, Inc. — 8 leases
Pool, Lloyd Operating — 8 leases
Suoco Oil Corp. — 8 leases
Cal-T Oil Company — 7 leases
Robinson Drilling Of Texas — 7 leases
Romines, J. L. — 7 leases
Sidwell Oil & Gas, Inc. — 7 leases
Chesapeake Operating, Inc. — 6 leases
Dyne Oil & Gas,Inc. — 6 leases
F. B. R. Production Company — 6 leases
Hazlewood, John — 6 leases
Kimberlin & Miller — 6 leases
Mcclelland Creek Properties,Inc. — 6 leases
Melandsara Limited Partnership — 6 leases
Nortex Operating Services, Inc. — 6 leases

Railroad Commission districts

District 10 — 1,816 leases

Leases — page 1 of 10

RUTH — gas, Jones Energy, Ltd., Gray County, 5.5 million reported
WILLIAMS, J. E. — oil, Texaco E & P Inc., Gray County, 2.8 million reported
SPEARMAN 23 — gas, Jones Energy, Ltd., Gray County, 2.6 million reported
WILLS — gas, Phillips Petroleum Company, Gray County, 2.4 million reported
COMBS — oil, Seagull Midcon Inc., Gray County, 2.4 million reported
SPEARMAN 23 — gas, Newfield Expl. Mid-Con. Inc, Gray County, 2.3 million reported
DAVIS, M. B. — oil, Texaco E & P Inc., Gray County, 2.3 million reported
RUTH 23 — gas, Seek Energy, LLC, Gray County, 2.1 million reported
TAYLOR RANCH TEH — gas, Taylor-Clayton-Hawley, Gray County, 1.9 million reported
DIZ — gas, Phillips Petroleum Company, Gray County, 1.6 million reported
HEXTER — gas, G. H. Ranch, Inc., Gray County, 1.6 million reported
HEXTER — gas, Natural Gas Pipeline Co Of Amer., Gray County, 1.6 million reported
CAROL — gas, Phillips Petroleum Company, Gray County, 1.5 million reported
BARRETT — gas, Cabot Oil & Gas Corporation, Gray County, 1.4 million reported
SPEARMAN, RUTH — gas, Jones Energy, Ltd., Gray County, 1.4 million reported
SPEARMAN -23- — gas, Jones Energy, Ltd., Gray County, 1.4 million reported
RIT — gas, Phillips Petroleum Company, Gray County, 1.4 million reported
RENOG — gas, Phillips Petroleum Company, Gray County, 1.3 million reported
GENTRY — gas, Phillips Petroleum Company, Gray County, 1.3 million reported
JOHNSON RANCH UNIT — oil, Phillips Petroleum Company, Gray County, 1.3 million reported
RUTH 23 — gas, Jones Energy, Ltd., Gray County, 1.2 million reported
BOWERS, J. B., NCT-1 — oil, Texaco E & P Inc., Gray County, 1.2 million reported
CARNEY — gas, Phillips Petroleum Company, Gray County, 1.2 million reported
TAYLOR RANCH WHT — gas, Taylor-Clayton-Hawley, Gray County, 1.2 million reported
LADD — gas, Caprock Engineering, Inc., Gray County, 1.2 million reported
PARKER — gas, Seagull Midcon Inc., Gray County, 1.2 million reported
COVEY — gas, Phillips Petroleum Company, Gray County, 1.2 million reported
CAR — gas, Phillips Petroleum Company, Gray County, 1.2 million reported
URB — gas, Phillips Petroleum Company, Gray County, 1.2 million reported
MCKAY, A. G. — gas, Parker & Parsley Development Co., Gray County, 1.1 million reported
SPEARMAN 23 — oil, Kog Energy LLC, Gray County, 1.1 million reported
RUTH 23 — gas, Seek Energy, LLC, Gray County, 1.1 million reported
RITTER — gas, Cabot Oil & Gas Corporation, Gray County, 1.1 million reported
TAYLOR, W. H. -C- NCT 3 — gas, Texaco E & P Inc., Gray County, 1.1 million reported
SHOCKLEY — gas, Phillips Petroleum Company, Gray County, 1.1 million reported
WORLEY — oil, Seagull Midcon Inc., Gray County, 1.1 million reported
ETHA — gas, Phillips Petroleum Company, Gray County, 1.1 million reported
BEASLEY -A- — gas, Gruy Petroleum Management Co., Gray County, 1.1 million reported
FURNEAUX — gas, Phillips Petroleum Company, Gray County, 1.1 million reported
EAKIN — gas, Phillips Petroleum Company, Gray County, 1.1 million reported
ROUNTREE — gas, Phillips Petroleum Company, Gray County, 1.1 million reported
TAYLOR, W. H. NCT -1- — gas, Texaco E & P Inc., Gray County, 1.0 million reported
JACKSON — gas, Conoco Inc., Gray County, 1.0 million reported
HARNLEY — gas, Phillips Petroleum Company, Gray County, 1.0 million reported
TAYLOR, W. H. -C- NCT 2 — gas, Texaco E & P Inc., Gray County, 1.0 million reported
JACKSON, WM. — oil, Petco Petroleum Corp., Gray County, 1.0 million reported
CUBINE — gas, Meridian Oil Inc., Gray County, 1.0 million reported
KIRBY — gas, Cabot Oil & Gas Corporation, Gray County, 998 thousand reported
TAYLOR RANCH /WHT/ — gas, Taylor-Clayton-Hawley, Gray County, 995 thousand reported
CRISP — gas, Phillips Petroleum Company, Gray County, 991 thousand reported
KEAHEY — gas, Phillips Petroleum Company, Gray County, 965 thousand reported
ED — gas, Phillips Petroleum Company, Gray County, 956 thousand reported
BEN — gas, Phillips Petroleum Company, Gray County, 955 thousand reported
JESS — gas, Phillips Petroleum Company, Gray County, 954 thousand reported
COOPER — gas, Conoco Inc., Gray County, 941 thousand reported
JOHNSTON — gas, Meridian Oil Inc., Gray County, 922 thousand reported
URBANCZYK — gas, Phillips Petroleum Company, Gray County, 917 thousand reported
MCADAMS — gas, Phillips Petroleum Company, Gray County, 911 thousand reported
GORENFLO — gas, Exxcel Production Company, Gray County, 877 thousand reported
PARKER FEE -A- — oil, Beta-Tex, An Oklahoma Corp., Gray County, 876 thousand reported
SPEARMAN 26 — gas, Jones Energy, Ltd., Gray County, 870 thousand reported
RUTH -3- — gas, Jones Energy, Ltd., Gray County, 869 thousand reported
HUGGINS, D. UNIT — gas, Hugoton Energy Corporation, Gray County, 866 thousand reported
BURGER — gas, Phillips Petroleum Company, Gray County, 856 thousand reported
TAYLOR RANCH -HJC- — gas, Taylor-Clayton-Hawley, Gray County, 850 thousand reported
BAIRD — gas, Mobil Producing TX. & N.M. Inc., Gray County, 849 thousand reported
TAYLOR RANCH -TEH- — gas, Taylor-Clayton-Hawley, Gray County, 847 thousand reported
STOEBUCK — gas, Phillips Petroleum Company, Gray County, 846 thousand reported
KIRBY — gas, Cabot Oil & Gas Corporation, Gray County, 845 thousand reported
BOONE — gas, Phillips Petroleum Company, Gray County, 843 thousand reported
WEINHEIMER — gas, Conoco Inc., Gray County, 830 thousand reported
JOHNSON -T- — gas, Phillips Petroleum Company, Gray County, 824 thousand reported
UPDEGRAFF — gas, Phillips Petroleum Company, Gray County, 821 thousand reported
TAYLOR RANCH /WHT/ — gas, Taylor-Clayton-Hawley, Gray County, 819 thousand reported
BETTY — gas, Caprock Engineering, Inc., Gray County, 815 thousand reported
BARNEY — gas, Phillips Petroleum Company, Gray County, 814 thousand reported
TAYLOR RANCH /WHT/ — gas, Taylor-Clayton-Hawley, Gray County, 807 thousand reported
WILLIAMS, S.P. — oil, Texaco E & P Inc., Gray County, 782 thousand reported
FIELDS — gas, Phillips Petroleum Company, Gray County, 780 thousand reported
JOHNSON — gas, Cimarex Energy Co. Of Colorado, Gray County, 778 thousand reported
TAYLOR RANCH /TEH/ — gas, Taylor-Clayton-Hawley, Gray County, 774 thousand reported
FRIES — gas, Phillips Petroleum Company, Gray County, 756 thousand reported
IVA — gas, Raydon Exploration, Inc., Gray County, 749 thousand reported
ACKERMAN — gas, Taylor-Clayton-Hawley, Gray County, 730 thousand reported
TAYLOR RANCH /WHT/ — gas, Taylor-Clayton-Hawley, Gray County, 728 thousand reported
GORENFLO — gas, Exxcel Production Company, Gray County, 724 thousand reported
WRIGHT, J. E. — oil, Texaco E & P Inc., Gray County, 723 thousand reported
MATHERS — gas, Parker & Parsley Development Co., Gray County, 721 thousand reported
AEBERSOLD — gas, Natural Gas Pipeline Co Of Amer., Gray County, 721 thousand reported
SAR — gas, Phillips Petroleum Company, Gray County, 720 thousand reported
BARNES -A- — gas, Meridian Oil Inc., Gray County, 714 thousand reported
GLASS — gas, Meridian Oil Inc., Gray County, 709 thousand reported
TAYLOR, W. H. -F- NCT 2 — gas, Texaco E & P Inc., Gray County, 687 thousand reported
SCHAFFER — gas, Phillips Petroleum Company, Gray County, 685 thousand reported
MATHERS — gas, Maxwell Operating, Inc., Gray County, 681 thousand reported
DILLMAN — gas, Phillips Petroleum Company, Gray County, 679 thousand reported
TIBBETTS — gas, Phillips Petroleum Company, Gray County, 671 thousand reported
TAYLOR RANCH /WHT/ — gas, Taylor-Clayton-Hawley, Gray County, 668 thousand reported
HUNT — gas, Meridian Oil Inc., Gray County, 668 thousand reported
THOMAS — gas, Blue Dolphin Production LLC, Gray County, 664 thousand reported
MAJOR — gas, Meridian Oil Inc., Gray County, 662 thousand reported
HENDER — gas, Phillips Petroleum Company, Gray County, 660 thousand reported
FOWLER — gas, Meridian Oil Inc., Gray County, 660 thousand reported
RUTH 23 — gas, Seek Energy, LLC, Gray County, 656 thousand reported
BENEDICT — gas, Phillips Petroleum Company, Gray County, 655 thousand reported
FIELDS, J. W. — gas, Parker & Parsley Development Co., Gray County, 653 thousand reported
CASE, ESTATE — gas, Parker & Parsley Development Co., Gray County, 650 thousand reported
WORLEY — gas, Phillips Petroleum Company, Gray County, 650 thousand reported
ASHBY, J. A. — gas, Hugoton Energy Corporation, Gray County, 648 thousand reported
DOROTHY — gas, Phillips Petroleum Company, Gray County, 647 thousand reported
WOODS -A- — gas, Gruy Petroleum Management Co., Gray County, 644 thousand reported
GETHING, E. E. NCT-2 — oil, Texaco E & P Inc., Gray County, 643 thousand reported
BAYSHORE — gas, Phillips Petroleum Company, Gray County, 638 thousand reported
JARVIS — gas, O'Neal Cattle Company, Gray County, 638 thousand reported
BARNES -A- — gas, Gruy Petroleum Management Co., Gray County, 635 thousand reported
GINN — gas, Parker & Parsley Development Co., Gray County, 630 thousand reported
TILFORD — gas, Phillips Petroleum Company, Gray County, 627 thousand reported
WILLIS — gas, Meridian Oil Inc., Gray County, 626 thousand reported
BINKLEY — gas, Natural Gas Pipeline Co Of Amer., Gray County, 623 thousand reported
DAUER — gas, Redstone Operating, Inc., Gray County, 621 thousand reported
JOLLY — gas, Meridian Oil Inc., Gray County, 620 thousand reported
TAYLOR RANCH /TEH/ — gas, Taylor-Clayton-Hawley, Gray County, 618 thousand reported
KIRBY — gas, Cabot Oil & Gas Corporation, Gray County, 618 thousand reported
COOK — gas, Raydon Exploration, Inc., Gray County, 614 thousand reported
CARPENTER — gas, Travelers Oil Company, Gray County, 609 thousand reported
TAYLOR RANCH (TEH) — gas, Taylor-Clayton-Hawley, Gray County, 607 thousand reported
BEASLEY -B- — gas, Gruy Petroleum Management Co., Gray County, 603 thousand reported
GATLIN — gas, Stahl Petroleum Co., Gray County, 603 thousand reported
BARNES -A- — gas, Gruy Petroleum Management Co., Gray County, 601 thousand reported
FAULKNER, S. — oil, Texaco E & P Inc., Gray County, 599 thousand reported
TAYLOR RANCH /WHT/ — gas, Taylor-Clayton-Hawley, Gray County, 598 thousand reported
HAYDEN — gas, Top O'Texas Production, Inc., Gray County, 598 thousand reported
HIBLER -B- — gas, Meridian Oil Inc., Gray County, 590 thousand reported
JACKSON — gas, Texian Energy Corporation, Gray County, 590 thousand reported
WILLIS -A- — gas, Meridian Oil Inc., Gray County, 589 thousand reported
BOWERS, J. B. — gas, Cabot Oil & Gas Corporation, Gray County, 582 thousand reported
BOYD — gas, Meridian Oil Inc., Gray County, 581 thousand reported
RICE -A- — gas, Gruy Petroleum Management Co., Gray County, 573 thousand reported
LEYCOMB, A. W. — oil, Phillips Petroleum Company, Gray County, 572 thousand reported
TAYLOR RANCH — gas, Taylor-Clayton-Hawley, Gray County, 566 thousand reported
HIBLER — gas, Meridian Oil Inc., Gray County, 565 thousand reported
MOORE — gas, Meridian Oil Inc., Gray County, 563 thousand reported
MCKIN — gas, Phillips Petroleum Company, Gray County, 563 thousand reported
VANIMAN — gas, Natural Gas Pipeline Co Of Amer., Gray County, 561 thousand reported
LUCILE — gas, Phillips Petroleum Company, Gray County, 558 thousand reported
JOHN — gas, Phillips Petroleum Company, Gray County, 556 thousand reported
MATTHEW — gas, Exxcel Production Company, Gray County, 554 thousand reported
TAYLOR RANCH -HJC- — gas, Taylor-Clayton-Hawley, Gray County, 546 thousand reported
CASSIE — gas, Phillips Petroleum Company, Gray County, 543 thousand reported
MOREMAN — gas, Meridian Oil Inc., Gray County, 542 thousand reported
DURRETT — gas, Parker & Parsley Development Co., Gray County, 541 thousand reported
JOHNSON — gas, Phillips Petroleum Company, Gray County, 540 thousand reported
BASS — gas, Phillips Petroleum Company, Gray County, 538 thousand reported
WILLIS -A- — gas, Gruy Petroleum Management Co., Gray County, 535 thousand reported
BEASLEY — gas, Meridian Oil Inc., Gray County, 532 thousand reported
MADDEN — gas, Hugoton Energy Corporation, Gray County, 531 thousand reported
DAVIS, M. B. — oil, Dunigan Operating Company, Inc., Gray County, 529 thousand reported
CAROL — gas, Romines, J. L., Gray County, 529 thousand reported
TAYLOR RANCH /WHT/ — gas, Taylor-Clayton-Hawley, Gray County, 523 thousand reported
TAYLOR RANCH /WHT/ — gas, Taylor-Clayton-Hawley, Gray County, 518 thousand reported
BURGER — gas, Phillips Petroleum Company, Gray County, 518 thousand reported
SUNRAY BOWERS — gas, Fletcher, M. D., Gray County, 516 thousand reported
LEOLA — gas, Phillips Petroleum Company, Gray County, 512 thousand reported
COUSINS — gas, Gruy Petroleum Management Co., Gray County, 511 thousand reported
TAYLOR RANCH TEH — gas, Taylor-Clayton-Hawley, Gray County, 509 thousand reported
MONGOLE "A" — gas, Adobe Operating Company, Gray County, 508 thousand reported
MCKAY, A. G. — gas, Parker & Parsley Development Co., Gray County, 508 thousand reported
PAULK — gas, Meridian Oil Inc., Gray County, 507 thousand reported
ANDIS — gas, Phillips Petroleum Company, Gray County, 506 thousand reported
YOES -A- — gas, Meridian Oil Inc., Gray County, 505 thousand reported
TAYLOR RANCH /WHT/ — gas, Taylor-Clayton-Hawley, Gray County, 499 thousand reported
KROUCH — gas, Gruy Petroleum Management Co., Gray County, 497 thousand reported
SHAW — gas, Meridian Oil Inc., Gray County, 497 thousand reported
HINK — gas, Meridian Oil Inc., Gray County, 494 thousand reported
GATSY — gas, Phillips Petroleum Company, Gray County, 493 thousand reported
PINNELL — gas, Pantera Energy Company, Gray County, 480 thousand reported
PETTIT — gas, Quinque Operating Company, Gray County, 477 thousand reported
BEASLEY -B- — gas, Meridian Oil Inc., Gray County, 474 thousand reported
GLASSCOCK — gas, Phillips Petroleum Company, Gray County, 474 thousand reported
HUDGINS -A- — gas, Meridian Oil Inc., Gray County, 474 thousand reported
STEP — gas, Phillips Petroleum Company, Gray County, 473 thousand reported
TAYLOR RANCH -HJC- — gas, Taylor-Clayton-Hawley, Gray County, 471 thousand reported
WILLISTON — gas, Phillips Petroleum Company, Gray County, 470 thousand reported
TAYLOR RANCH — gas, Taylor-Clayton-Hawley, Gray County, 470 thousand reported
FURNEAUX — gas, M E G G , Inc., Gray County, 469 thousand reported
BARRETT — gas, Laclede Operating Co., Gray County, 468 thousand reported
STATE — gas, Meridian Oil Inc., Gray County, 467 thousand reported
SHAW -A- — gas, Gruy Petroleum Management Co., Gray County, 465 thousand reported
BAILEY-JOHNSON UNIT -1- — gas, Pool, Lloyd Operating, Gray County, 463 thousand reported
MOORE — gas, Cimarex Energy Co. Of Colorado, Gray County, 461 thousand reported
WINEINGER-MERRICK — gas, Cabot Oil & Gas Corporation, Gray County, 461 thousand reported
RUTH 23 — gas, Jones Energy, Ltd., Gray County, 459 thousand reported
OSBORNE — gas, Phillips Petroleum Company, Gray County, 458 thousand reported
LOVE, B. H. NCT-1 — gas, Texaco E & P Inc., Gray County, 457 thousand reported
GLASS -A- — gas, Meridian Oil Inc., Gray County, 456 thousand reported
CALDWELL — gas, Meridian Oil Inc., Gray County, 455 thousand reported
TAYLOR RANCH /TEH/ — gas, Taylor-Clayton-Hawley, Gray County, 455 thousand reported
READ C — gas, Phillips Petroleum Company, Gray County, 454 thousand reported
ABBOTT — gas, Meridian Oil Inc., Gray County, 454 thousand reported
FIELDS — gas, Pantera Energy Company, Gray County, 454 thousand reported

Production figures are as reported to the Railroad Commission of Texas. Values shown on lease pages are estimates produced by fitting a decline curve to that reported history; they are not offers or appraisals.