GRAY, COLUMBUS ETAL
GRAY, COLUMBUS ETAL is a Texas oil lease in Andrews County, Railroad Commission district 08, operated by Conoco Inc. It has 161 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 1,703,274 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 $1.3M 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 1,946 barrels a month, about 12 per wellbore. Its strongest month on the record we hold was March 2017, at 3,023 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 GRAY, COLUMBUS ETAL
- Who operates GRAY, COLUMBUS ETAL?
- GRAY, COLUMBUS ETAL is operated by Conoco Inc., Railroad Commission of Texas operator number 172230.
- Where is GRAY, COLUMBUS ETAL?
- GRAY, COLUMBUS ETAL is a Texas oil lease in Andrews County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 01719.
- Is GRAY, COLUMBUS ETAL still producing?
- GRAY, COLUMBUS ETAL is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAY, COLUMBUS ETAL is August 2026.
- How much has GRAY, COLUMBUS ETAL produced?
- GRAY, COLUMBUS ETAL has reported 1,703,274 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 161 wellbores.
- How much is GRAY, COLUMBUS ETAL worth?
- The remaining production from GRAY, COLUMBUS ETAL 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 GRAY, COLUMBUS ETAL is a fraction of it. The estimate fits an Arps decline curve to the production GRAY, COLUMBUS ETAL has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAY, COLUMBUS ETAL is an estimate of value, not an offer and not an appraisal.
- How much income does GRAY, COLUMBUS ETAL generate in a year?
- GRAY, COLUMBUS ETAL is forecast to net about $1.3M across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAY, COLUMBUS ETAL receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Conoco Inc. |
|---|---|
| Field | Fuhrman-Mascho |
| County | Andrews County, Texas |
| RRC district | 08 |
| Lease number | 01719 |
| Wellbores | 161 |
| Reported production | 1,703,274 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $5.9M |
Where GRAY, COLUMBUS ETAL 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.