MURRAY
MURRAY is a Texas oil lease in Howard County, Railroad Commission district 08, operated by Chevron U. S. A. Inc. It has 8 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 39,722 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 $223K, with roughly $43K 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 50 barrels a month, about 6 per wellbore. Its strongest month on the record we hold was April 2024, at 147 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% 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 MURRAY
- Who operates MURRAY?
- MURRAY is operated by Chevron U. S. A. Inc., Railroad Commission of Texas operator number 148113.
- Where is MURRAY?
- MURRAY is a Texas oil lease in Howard County, Texas, in Railroad Commission district 08. Its Railroad Commission lease number is 02895.
- Is MURRAY still producing?
- MURRAY is currently producing. The most recent month of production reported to the Railroad Commission of Texas for MURRAY is August 2026.
- How much has MURRAY produced?
- MURRAY has reported 39,722 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 8 wellbores.
- How much is MURRAY worth?
- The remaining production from MURRAY is estimated to be worth about $223K in total as of 26 August 2026, within a range of $122K to $323K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in MURRAY is a fraction of it. The estimate fits an Arps decline curve to the production MURRAY has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for MURRAY is an estimate of value, not an offer and not an appraisal.
- How much income does MURRAY generate in a year?
- MURRAY is forecast to net about $43K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in MURRAY receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Chevron U. S. A. Inc. |
|---|---|
| Field | Iatan, East Howard |
| County | Howard County, Texas |
| RRC district | 08 |
| Lease number | 02895 |
| Wellbores | 8 |
| Reported production | 39,722 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $223K |
Where MURRAY 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.