GRAY, OLLIE
GRAY, OLLIE is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Centurion Oil & Gas Op. Co. Inc. It has 2 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 16,113 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 $127K, with roughly $24K 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 33 barrels a month, about 16 per wellbore. Its strongest month on the record we hold was April 2023, at 68 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 GRAY, OLLIE
- Who operates GRAY, OLLIE?
- GRAY, OLLIE is operated by Centurion Oil & Gas Op. Co. Inc., Railroad Commission of Texas operator number 141590.
- Where is GRAY, OLLIE?
- GRAY, OLLIE is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 19859.
- Is GRAY, OLLIE still producing?
- GRAY, OLLIE is currently producing. The most recent month of production reported to the Railroad Commission of Texas for GRAY, OLLIE is August 2026.
- How much has GRAY, OLLIE produced?
- GRAY, OLLIE has reported 16,113 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 2 wellbores.
- How much is GRAY, OLLIE worth?
- The remaining production from GRAY, OLLIE is estimated to be worth about $127K in total as of 26 August 2026, within a range of $70K to $185K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in GRAY, OLLIE is a fraction of it. The estimate fits an Arps decline curve to the production GRAY, OLLIE has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for GRAY, OLLIE is an estimate of value, not an offer and not an appraisal.
- How much income does GRAY, OLLIE generate in a year?
- GRAY, OLLIE is forecast to net about $24K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in GRAY, OLLIE receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Centurion Oil & Gas Op. Co. Inc. |
|---|---|
| Field | Montague County Regular |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 19859 |
| Wellbores | 2 |
| Reported production | 16,113 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $127K |
Where GRAY, OLLIE 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.