RAY, ROY
RAY, ROY is a Texas oil lease in Nueces County, Railroad Commission district 04, operated by Reserve Operating Corp. It has 1 wellbore on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 19,143 barrels. The lease is intermittent. 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 $21K, with roughly $4K 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 2 barrels a month. Its strongest month on the record we hold was May 2016, at 90 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 RAY, ROY
- Who operates RAY, ROY?
- RAY, ROY is operated by Reserve Operating Corp., Railroad Commission of Texas operator number 703371.
- Where is RAY, ROY?
- RAY, ROY is a Texas oil lease in Nueces County, Texas, in Railroad Commission district 04. Its Railroad Commission lease number is 00039.
- Is RAY, ROY still producing?
- RAY, ROY is intermittent. The most recent month of production reported to the Railroad Commission of Texas for RAY, ROY is August 2026.
- How much has RAY, ROY produced?
- RAY, ROY has reported 19,143 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 1 wellbore.
- How much is RAY, ROY worth?
- The remaining production from RAY, ROY is estimated to be worth about $21K in total as of 27 August 2026, within a range of $0 to $42K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in RAY, ROY is a fraction of it. The estimate fits an Arps decline curve to the production RAY, ROY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for RAY, ROY is an estimate of value, not an offer and not an appraisal.
- How much income does RAY, ROY generate in a year?
- RAY, ROY is forecast to net about $4K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in RAY, ROY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Reserve Operating Corp. |
|---|---|
| Field | Agua Dulce |
| County | Nueces County, Texas |
| RRC district | 04 |
| Lease number | 00039 |
| Wellbores | 1 |
| Reported production | 19,143 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $21K |
Where RAY, ROY 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.